Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Posted By Global Banking and Finance Review

Posted on January 16, 2025

Romanian far-right opposition seeks to impeach outgoing president

BUCHAREST (Reuters) - Romania's three opposition far-right parties started the process to remove outgoing centrist President Klaus Iohannis from office after a cancelled presidential election, but their chances of succeeding were unlikely.

The European Union and NATO state, which borders Ukraine, was plunged into institutional chaos last year after far-right NATO critic Calin Georgescu won the first round of a Nov. 24 presidential election. That prompted accusations of Russian interference - denied by Moscow - and ultimately led to the annulment of the entire ballot.

With the two-round election set to be re-run on May 4 and May 18, Romania's top court said Iohannis, whose second and last term expired on Dec. 21, will stay on until his successor is elected.

But on Thursday, three far-right opposition parties, which control around 35% of parliament seats, filed a request to impeach Iohannis.

The three groupings, whose support has risen following Georgescu's surprise win in the now-voided first round, have backed his unsuccessful attempts to have the annulment overturned.

While impeachment requests can be filed by a third of lawmakers, under Romanian law they need a majority of parliament to vote in favour. The pro-European ruling coalition that emerged after a Dec. 1 parliamentary election has a small majority, but one that is expected to hold.

(Reporting by Luiza Ilie; Editing by Rod Nickel)

Recommended for you

  • Soccer-Brighton's Mitoma dumps Chelsea out of FA Cup

  • UK junior health minister sacked by PM Starmer, BBC News reports

  • Tennis-Bencic wins first WTA title as a mother with daughter watching on