Romania is heading into a political crisis after the Social Democrats — the largest party in the ruling coalition — voted Monday to withdraw their six ministers from the cabinet and called on Prime Minister Ilie Bolojan to resign.
Social Democrat leader Sorin Grindeanu framed the walkout as a matter of survival: "PSD can no longer be held captive while our social base is being destroyed." Bolojan refused to go, accusing his coalition partners of "cowardly running" from decisions they too had made — and of "jeopardizing our country's finances" at a moment of regional and global instability.
Hundreds rallied in Bucharest on Monday evening in his support.
The collapse of the pro-European coalition threatens 28 billion euros in EU funds and loans, including 11 billion euros Romania could lose by August if fiscal reforms stall. Bond spreads widened immediately.
The far-right Alliance for Uniting Romanians — leading all parties in polls — called for early elections. Bolojan is ...
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