Lawmakers ask Romanian President to step down upon accusations against his brother.

By bne IntelliNews June 26, 2014

Romania’s parliament has asked President Traian Basescu to resign in order to prevent any possible pressure the judiciary might feel in handling the accusations expressed already against his brother Mircea Basescu – Ziarul Financiar daily. The statement came amid tapings being leaked to the market, which demonstrate Mircea Basescu’s involvement in the case. President has not responded yet to lawmakers' text, but he previously rejected any involvement in the corruption deeds and expressed full support for the judiciary in investigating the case.

BALANCE OF POWERS. Parliament’s statement was initiated by the leftist ruling PSD and voted by 344 of the parliament’s 588 MPs. PNL – former partners of PSD at rule, bluntly accused the initiators of the statement that they, on the opposite, want Basescu out of the office so that they can gain control over judiciary and perpetrate corruption deeds. Ethnic Hungarians’ party UDMR refused to support the statement against Basescu invoking the lack of any final decision in the case of President’s brother – not to mention President’s unproved involvement.

IMPLICATIONS. The statement has no legal implications as it is not a formal impeachment. The term of President Basescu expires this year and presidential elections are scheduled for November. In principle, holding early presidential elections would help ruling PSD freeze the robust support it currently enjoys and furthermore would prevent the [however unlikely] formation of a centre-right opposition. But even with no consequences, leftist PSD can expect the support President Basescu enjoys among educated voters to spread among broader electorate. President has openly expressed support for a newly formed party, PMP – which however performed modestly in the April 25 European elections.

COMMENT. Ironically, even if corruption is perceived to be equally spread among Romanian political parties – it is the leftist PSD that has one of its former PMs [Adrian Nastase] currently in jail for such corruption deeds. And it is PSD’s ally PC that has its founder Dan Voiculescu sentenced [with appeal rights indeed] to six years in jail also for corruption deeds. The Parliament as a whole has been constantly mentioned in the EC’s annual reports on judiciary reforms as frequently impeding reforms. Earlier this week, lawmakers have endorsed a bill under which mayors are allowed to be part of the managing boards of local utilities companies – thus removing incompatibility allegations against a large number of mayors.

On the opposite, President Traian Basescu has encouraged judiciary reforms and hailed the activity of the anti-corruption prosecution office DNA.

 

Related Articles

Almaty cost of living lowest among major cities

Kazakhstan’s largest city and business centre Almaty has dropped to last place on the Economist Intelligence Unit’s bi-annual ranking of the ... more

Bucharest urges local government to borrow from banks despite warnings from IMF and EC

Romania’s local administration can co-finance the EU-funded projects from bank loans at interest rates lower than the financing cost of the Treasury, Romania’s central government reportedly ... more

IPO of Romanian telco RCS&RDS reportedly planned for May

A group of shareholders of Romanian diversified telecoms group RCS&RDS want to sell 20%-30% of the group’s shares in an IPO, Ziarul Financiar daily reported. The IPO is expected to take place ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss