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1 revisions for "Romania's Government Falls in Record No-Confidence Vote, Leaving Billions in EU Funds and a Fiscal Crisis in the Balance"

#1
Anonymousabout 3 hours ago

Romania's four-party pro-EU coalition collapsed on May 5, 2026 after 281 lawmakers voted to oust Prime Minister Ilie Bolojan — the largest no-confidence margin in the country's parliamentary history. The vote, driven by an alliance between the Social Democrats and the far-right AUR, leaves roughly €10 billion in EU recovery funds at risk ahead of an August deadline, while Romania struggles with the EU's highest budget deficit at over 8% of GDP and credit ratings one notch above junk status.