This Update answers five key questions on Romania’s rescheduled presidential election, the first round of which takes place on Sunday 4th May. A victory for far-right frontrunner George Simion would likely raise concerns about the country veering away from its pro-EU stance and the government’s ability to push through fiscal tightening. Coming against the backdrop of large twin current account and budget deficits, this would increase the risk of a destabilising adjustment in the economy over the coming years.
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