🇷🇴⚠️📉 Hard-Right Simion Shakes Romania Markets, Vows No Tax Hikes Despite Deficit Crisis 🔹 Summary: Romanian presidential frontrunner George Simion ruled out tax hikes despite the EU’s largest budget deficit, sparking market turmoil after his decisive win forced the collapse of the pro-Western coalition government. The leu fell over 2%, debt yields surged, and stocks tumbled as Simion floated nominating banned pro-Russian figure Calin Georgescu as prime minister, raising fears of political and financial instability. 🔹 Key Points: • Simion promises to cut 500,000 public sector jobs (excluding doctors, teachers, soldiers) over five years. • Romania’s leu fell past 5 per euro for the first time, with markets rattled by leadership uncertainty. • Credit agencies currently rate Romania at the lowest investment grade with a negative outlook. • Simion faces centrist Bucharest Mayor Nicusor Dan in the May 18 presidential run-off. • Georgescu, a controversial figure, has advocated nationalisations and preferential treatment for domestic firms. Tickers Of Interest: $EUR $RON $USD $DXY