Print
YM
E-mail
Mai mare|Mai mic

International press in the Romanian censorship motion

Marţi, 15 iunie 2010, 10:04 English | Politics

The debate on the censorship motion in the Parliament in Bucharest is closely followed by the international press, analysing the political situation in Romania through the perspective of foreign investors. It is noted that the investors' uncertainty over Romania's capacity to implement the reforms have led to an increase in price for the guarantees of the Romanian state debts - the highest in Europe, after Greece.

International financial analysts: The failure of the motion will not have any positive effect on the economy

Financial Times notes that it is understandable that markets show nervousness when faced with a censorship motion. In the article entitled "Crisis still looms as Romanian government faces no-confidence vote", FT notes that the motion passes last autumn - that led to the Cabinet reshuffle - is still fresh in the minds of foreign investors.

According to FT, this has made the European Union and the International Monetary Fund delay one instalment from the 20 billion euros loan. Analysts expect the MPs to back the government because, in their opinion, the only thing worse than the austerity measures would be a political void, doubled by new, painful cuts in the public sector.

Nevertheless, the publication warns that should the Government survive this motion, it is possible for it to temper its austerity measures, to give MPs satisfaction. The article quotes Neil Shearing, a financial analyst, who estimates that the failure of the censorship motion will save the country, for a moment, from a political crisis, but, on short-term, it will have no positive effect on the economy.

The survival of Boc Cabinet on the thin red line would seriously weaken the continuation of the reforms

Reuters news agency also remarks that foreign investors are waiting nervously for the result in Romania's Parliament, but estimates the censorship motion will not be passed by the Parliament. Boc Cabinet's survival on a thin red line could weaken substantially the Government's capacities to carry on the reforms and the risk aversion to the Romanian economy could go up.




















325 vizualizari


ESRI



Hotnews
Agenţii de ştiri

Siteul Hotnews.ro foloseste cookie-uri. Cookie-urile ne ajută să imbunatatim serviciile noastre. Mai multe detalii, aici.
hosted by
powered by
developed by
mobile version
Marţi