Romania’s government collapses after prime minister fails no-confidence vote

• Romanian Prime Minister Ilie Bolojan's pro-European government was ousted on Tuesday following a no-confidence vote.
• The motion passed with 281 votes, exceeding the 233 required, after the leftist Social Democrats (PSD) teamed up with the far-right opposition.
• The political instability risks Romania's sovereign debt ratings, its access to crucial EU funds, and the stability of its currency, with the leu falling to a record low against the euro.
• Centrist President Nicusor Dan expects a new pro-European government to be formed, though Bolojan's Liberals have ruled out further talks with the PSD.
• Bolojan will remain as interim premier with limited powers, while Romania faces pressure to reduce its budget deficit and implement reforms to secure €10 billion in EU recovery funds.

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Romania’s pro-EU government collapses after no-confidence vote – here’s what to know as PM Ilie Bolojan ousted