Romania risks repeat of collapse with ‘essential’ austerity measures
Bucharest committed to tax rises and spending cuts despite popular backlash, says finance minister
Bucharest committed to tax rises and spending cuts despite popular backlash, says finance minister

Ilie Bolojan tried to push through austerity measures to rein in EU’s highest deficit

Soft-spoken new leader must tackle deep problems from corruption to the deficit to a sense of alienation from EU

Tens of thousands protest against fragile coalition’s tax rises, threatening eighth snap election since 2021

Insurgents are striking a chord with electorates worldwide, but Romania has fought back

History suggests the political approach ends in unsustainable debt and lower GDP

Pierre Moscovici warns politicians not to rely on taxes in race to agree budget for 2026