The recent constitutional crisis in Romania shook investor confidence in the country to such an extent that its currency took a substantial beating. But it also sent up warning flags for the European Socialists, who were due to hold an official Congress in Bucharest at the end of September.
It’s begun to emerge that few party leaders have confirmed their participation, as mistrust of prime minister Victor Ponta’s democratic credentials has grown as a result of his attempts to unseat the Romanian president through a referendum. With the president having been re-instated without apparent opposition from Ponta, observers will be watching to see if the resolution restores faith enough to allow the Congress to go ahead in Bucharest.
