Weekly Policy and Political Report, April 11 - 15, 2016
This week, the Parliament passed the controversial debt-to-equity swap law, contributing to the ongoing debates over Romania’s economic outlook and macroeconomic stability. The draft bill has managed to polarize public opinion into two main camps: MPs and borrowers on the other hand, and lenders represented by the Central Bank and the Romanian Banking Association on the other. Conflicts sparked between MPs and banking regulators, as the latter accused members of Parliament of destabilizing the local economy and of unnecessarily increasing lending costs.


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Weekly Policy and Political Report March 28 – April 4, 2016
Political developments over the past week are extending this week as well. As the National Liberals initiated the process of sacking Senate Speaker Călin Popescu Tăriceanu, his party (ALDE) submitted a simple motion against the Government. At this point, it appears that the entire situation revolves around the political support for the members of the Cabinet. In this sense, PNL has officially asked PM Dacian Cioloș to join the party at the end of his term, an invitation that has remained unanswered by Cioloș. On the other hand, in response to the simple motion against JusMin Raluca Prună, a couple of Ministers are rumored to be up for dismissal after Easter.   


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Weekly Policy and Political Report, March 21-25, 2016
The Supreme Council of Magistracy has confirmed National Anti-Corruption Directorate’s (DNA) Laura Codruța Kovesi for a second term at the helm of the institution. According to her management proposal, Kovesi will focus on high-level corruption, as well as retrieval of damages and extended powers of confiscation for DNA. In this sense, Kovesi continues the plan that she announced a couple of weeks ago when presenting the activity of the directorate she chairs. 


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Weekly Policy and Political Report March 14 - 18, 2016
The past week brought new developments to the debate over the access to wiretappings. While Romania is still under the supervision of the Cooperation and Verification Mechanism, the Government went at length to describe the progress done by the justice system. While the Government took matters into its hands and issued an Emergency Ordinance to solve the deadlock, defendants of companies under trial for blackmail and other acts of corruption challenged the wiretappings brought as evidence in court.


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Weekly Policy and Political Report, March 7-14, 2016
Debates over Romania's macroeconomic stability continued over the past week, with two conflicting arguments presented on the matter. Last week’s Romania Country Report released by the European Commission warned over potential derails from the anticipated economic growth for 2016-2017. In this sense, the EC has included Romania on a warning list including Spain, Belgium, Croatia, Finland, and Italy, raising concerns regarding their compliance with their fiscal obligations.


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