Melescanu Shits the Bed

Today, all of the local news stations are buzzing over the latest catastrophe from Romania’s foreign minister, Teodor Melescanu, in which he was caught red-handed in a BBC interview defending corruption: Ouch! Of course, it must be remembered that Melescanu is quite literally an old Communist dinosaur (link in Romanian) with a troubling history of…

Poking the Giant

In response to your letter on December 19, 2018, asking the Central Bank of Romania’s opinion on the emergency ordinance to raise taxes, we hereby send you a series of analyses that we have conducted. We would also like to mention that since we only had a limited amount of time to prepare this report, our conclusions must be considered merely preliminary in nature.

Comrade Teodorovich

Less than a year ago, the ruling coalition decided to replace their existing Minister of Finance with an old PSD party stalwart named Eugen Teodorovici. On the surface, it seemed to make sense. Eugen studied economics in Bucharest and had previously served as the Finance Minister under Ponta, although he was pretty forgettable in that…

Dirty and Dirtier

You’ve got to love the variety of English-language news reports during the past 24 hours with titles like New prime minister appointed after ruling party ousted their own government. I mean, only in Romania could something like this be seen as “normal” business. But there are some vitally important facts missing from all the international…