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Economy
In reply to the discussion: STOCK MARKET WATCH - Monday, 6 February 2012 [View all]xchrom
(108,903 posts)32. Romania's PM resigns over austerity protests
http://www.aljazeera.com/news/europe/2012/02/20122693818556854.html

Romanians, protesting against austerity measures, have been demanding resignation of Prime Minister [Reuters]
Emil Boc, Romania's prime minister, has resigned after weeks of nationwide protests against a slew of austerity measures and months before a parliamentary election.
"It is the moment for important political decisions. From this point of view, I took the decision to give up the government's mandate," Boc said in a speech after a government meeting on Monday.
Boc enforced the cuts, including slashing public salaries by a quarter and raising sales tax, to complete a $26.24bn International Monetary Fund (IMF) bailout deal and boost the economy after a deep and bitter recession.
Thousands of Romanians have braved freezing temperatures in the last month to protest against Boc and his ally, President Traian Basescu.

Romanians, protesting against austerity measures, have been demanding resignation of Prime Minister [Reuters]
Emil Boc, Romania's prime minister, has resigned after weeks of nationwide protests against a slew of austerity measures and months before a parliamentary election.
"It is the moment for important political decisions. From this point of view, I took the decision to give up the government's mandate," Boc said in a speech after a government meeting on Monday.
Boc enforced the cuts, including slashing public salaries by a quarter and raising sales tax, to complete a $26.24bn International Monetary Fund (IMF) bailout deal and boost the economy after a deep and bitter recession.
Thousands of Romanians have braved freezing temperatures in the last month to protest against Boc and his ally, President Traian Basescu.
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