Romanian government could soften structural reforms Fitch.

By bne IntelliNews December 11, 2012
Romania's government will be able to take much faster decisions following the December 9 election results, given its robust parliament, but it is also expected to show a certain resistance to structural reforms and privatisation, and might consider going into broader consultations on key issues as unnecessary, Fitch analyst Matteo Napolitano told news agency Mediafax. Romania's ruling coalition USL received some 60% of the votes in the parliamentary ballot and might win control over two thirds of the parliament seats. Even though a certain resistance to reforms and privatisation is expected, the Fitch expert also believes that the ruling coalition will eventually pursue the necessary reforms. Since the elections' outcome was in line with expectations, he does not anticipate any major impact on the exchange rate. The local currency will further strengthen slightly next year, Napolitano said.
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