8 hours ago
Romanian President to Name Premier as Fiscal Deal Reached
Romania's president plans to designate Liberal Party leader Ilie Bolojan as prime minister after negotiators reached an agreement to form a new government to tackle the country's fiscal deficit. The currency rebounded.
President Nicusor Dan will make the appointment at 3 p.m. in Bucharest on Friday, according to people familiar with the plans, who declined to be identified as talks take place behind closed doors. That indicated progress after Romanian party leaders had hit a last-minute snag over fiscal measures.
