Politics & Risk

Politics and political risk
Reuters first with Romania government surviving vote

Reuters first with Romania government surviving vote

Reuters scored a big win on Romanias government surviving a no-confidence vote in parliament on June 15, alerting clients to the result four minutes before the official announcement. The news signalled a more stable political environment and made it more likely Romania will be able to keep its 20 billion euro IMF-led economic aid package on track, sending the leu currency and blue chip stocks higher, while cost of insuring the countrys sovereign debt fell. Dow Jones matched the story four minutes later, following the official announcement, while Bloomberg trailed even further behind. The Reuters report was picked up by economists at several major banks including Citi, BNP Paribas and Morgan Stanley.

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