Monday, February 6, 2012

Romania: Prime Minister resigns after protests

   Romania's prime minister has resigned a victim of anti-austerity protests. Emil Boc has faced weeks of protests nationwide against his government's austerity measures.
   Boc said:"It is the moment for important political decisions. From this point of view, I took the decision to give up the government's mandate," Boc enforced austerity measures. They included reducing salaries of government workers by twenty five per cent and also raising sales taxes.
     The measures were demanded by the IMF in order for Romania to receive 26.4 billion in a bailout deal. Boc's party has sunk to a less than 20 per cent approval rating. An opposition alliance has more than 50 per cent support. Elections are due later this year. For more see this article.

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