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Romanian President picks new PM

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Romanian President picks new PM


Romania’s President Traian Basescu has unveiled his choice to replace ousted Prime Minister Emil Boc, whose government fell earlier this week. Basescu has nominated economist Lucian Croitoru to take over.

He hope his appointment will bring economic stability during the current political crisis until a new government is formed. ‘‘Elections must be held,’‘ Croitoru said. ‘‘It’s also important that we continue our financial relations with the world bank, the IMF, the EU and financial institutions,’‘ he added. Croitoru must be endorsed by parliament, however, and that looks unlikely with the opposition backing a separate candidate. Leader of the Social Democratic Party Mircea Geoana said: “It’s unacceptable the fact that Traian Basescu, deliberately and without accepting the existence of a majority, infringes on the spirit of the constitution. Severely hit by the global downturn, the collapse of its minority cabinet this week sparked fears Romania would not be able to meet the conditions of its multi-billion euro IMF loan.

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