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Free AccessEU: Romania's Social Democrats Win Election Marked By Far-Right Challenge
Early vote count suggested that the ruling Social Democratic Party (PSD) was set to grab the largest share of votes in a parliamentary election held on Sunday. The contest saw mainstream parties try to fend off challenge from anti-establishment far-right parties, emboldened by the unexpected victory of ultranationalist candidate in the first round of the presidential election just a week earlier.
- The PSD was on course to capture around 22% of the vote according to the preliminary count of more than 99% of votes. The far-right Alliance for the Union of Romanians (AUR) is poised to take second place, with 18% of the vote. The other far-right parties SOS and POT can now be sure of making it past the 5% electoral threshold.
- While the PSD will likely be able to renew its mandate as the leading force in the governing coalition, the momentum behind far-right political parties remains intact. Furthermore, coalition talks may prove more complicated and the PSD may need to reach out to more potential partners.
- The parliamentary election was the second leg of Romania's three-stage marathon of polls, with Romanians set to cast their ballots in the presidential run-off this coming weekend. In the meantime, the Constitutional Court delayed its decision on whether to accept first-round results until today (15:00GMT/17:00EET) amid suspicions of fraud.
- The potential annulment of the first round of the presidential race or a different result of the vote recount ordered by the top court could have the unintended consequence of undermining the legitimacy of the election. Runner-up Elena Lasconi edged ahead of Prime Minister Marcel Ciolacu by just over 2,000 votes, which makes a change in the order of candidates fairly realistic.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.