Romanian Prime Minister Emil Boc Resigns

Romania's Prime Minister has resigned after three weeks of protests related to the Anti-Counterfeiting Trade Agreement (ACTA) and anti-austerity measures. While the ACTA protests probably didn't help, most believe the protests related to serious cuts in government jobs and pay, as well as tax hikes were the final nail in the coffin for the PM. Romania, which is the second poorest country in the European Union, is facing a debt crisis similar to that of Greece. And like Greece, Romania appealed to the International Monetary Fund to avoid an economic collapse. Boc saw his popularity decline rappidly after he raised taxes and made deep cuts in government wages to comply with a rescue program from the IMF.

Prime Minister Emil Boc resigned on Monday in Bucharest. Romanian president Traian Basescu has named the country's current justice minister, Catalin Predoiu, as interim prime minister.

Boc also signed the Anti-Counterfeiting Trade Agreement (ACTA) – something he now won't have to face public scrutiny for.

Source: Death and Taxes

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