AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)

BUCHAREST: Romania's centrist President Klaus Iohannis said on Wednesday that there were transition solutions until a scheduled parliamentary election next year if the Social Democrat government fails to win parliament's vote of confidence after losing its partner.

Prime Minister Viorica Dancila has 45 days to ask for a confidence vote. Meanwhile, the main opposition Liberal Party said it planned to launch a no-confidence vote against the government next month.

Junior coalition party ALDE withdrew from government on Monday, two days after its leader Calin Popescu Tariceanu lost a bid to become the sole pro-government candidate in a presidential election scheduled for November.

The Social Democrats (PSD) instead picked Dancila to challenge incumbent Iohannis.

The PSD is now 25 votes short of a majority and will try to negotiate support with other parties.

"If the new government structure will not be approved, I assure Romanians that there are correct, democratic and constitutional solutions to keep Romania from a deep crisis," Iohannis said, adding the government was "toxic" for its attempts to weaken anti-corruption laws and economic policies.

"There are sufficient votes in parliament to support even a transition solution, one that will replace the current government. All opposition parties must be reasonable in case of a crisis."

Analysts said opposition parties would be reluctant to form a new government for a year, as they could lose popular support ahead of next year's election.

Early polls cannot legally be triggered six months before a presidential election, opening the way for prolonged uncertainty and stalled policymaking.

EU and US officials have strongly criticised the governing alliance for an overhaul of Romania's judiciary that they see as a threat to the rule of law, and for watering down anti-graft legislation. Expansionary fiscal and wage policies have increased the country's budget and current account deficits.

The Romanian leu held stable on Wednesday but is down 1.6 percent this year.

"We will try to obtain the necessary support to finish our term," Dancila told reporters late on Wednesday. "Not because we are clinging to our seats, but because we have a responsibility towards Romanians."

Voters turned on the government in European parliament elections in May, with the PSD's support almost halving while ALDE was unable to reach the threshold to enter the assembly.

Copyright Reuters, 2019

Comments

Comments are closed.