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Moody's warns that political uncertainty may affect fiscal consolidation (Finance Ministry)

The major economic stake these days is avoiding a downgrade of the country's rating, Minister of Finance, Alexandru Nazare announced after, at the end of last week, the rating agency Moody's drew attention to the fact that the prolonged political uncertainty and the lack of a functional parliamentary majority may put pressure on the fiscal consolidation process and on the implementation of the reforms undertaken by Romania. [...]