Minister Stefan: Romania's political crisis won't hit economy

Minister Stefan: Romania’s political crisis won’t hit economy

Romania’s democracy is mature enough so that a political crisis will not affect the country’s economy and currently all institution operate normally, says the minister of finance, Viorel Stefan, who submitted his resignation due to the ongoing conflict between the leadership of the Social Democratic Party (PSD) and PM Sorin Grideanu.

He added that he submitted his resignation request within the meeting of the Executive Committee of PSD from June 14, but we’ll continue to as minister until the publication of the decision in the Official Gazette.

„It’s a continuity and stability signal that I want to transmit both to the business environment and the international institutions. The democracy in Romania is mature enough so that a political crisis will not affect the country’s economy,” says Stefan.

PSD and ALDE decided on Wednesday to withdraw the political support of the Government led by Sorin Grindeanu, saying that the Cabinet had a poor performance.

The rulign coalition will hold a vote of no confidence in Parliament next week to topple the government.