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Central Bank deputy governor Florin Georgescu likely next finance minister

Florin Georgescu, the deputy governor of the National Bank of Romania is likely to be nominated the next finance minister tonight (Tue) when the PM designate will present his new Cabinet, local press informs.

Georgescu, 58,  a former finance ministry (1992-1996) might take over the job for the next six months, until the legislative elections due in late November.

By appointing Florin Georgescu, Ponta seeks to make sure that the financial stability will be kept under close watch, irrespective of the temptations to give in to populist demands under the electoral context.

The deputy governor is known for his stubbornness and powerful character, and if appointed, he would be the most experienced minister, also likely to reassure Romania’s creditors and investors by his presence in the Cabinet.

Ponta is due to present his cabinet tonight, at 9 pm, local time. The only nomination he confirmed so far is Daniel Constantin, the leader of the Conservatives, part of the Social Liberal Union that toppled the cabinet last Friday.

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