Romania’s Treasury head assures sovereign downgrade unlikely if fiscal consolidation continues

The head of Romania’s Treasury, Stefan Nanu, ruled out the risk of a sovereign downgrade “if the measures of the last 10 months are maintained,” according to Economica.net.

"As long as we keep the course we have been on for the last 10 months, we have nothing to worry about. [...] The fiscal consolidation does not end this year at 6.2% of GDP (budget deficit target), it must continue in the coming years,” Nanu said.