Reuters ahead of all comers on disintegration of Romanian coalition.
10.01.2009
Reuters was 2 minutes ahead of Bloomberg and 13 minutes ahead of DJ on Oct 1 with news Romania’s Social Democrats had quit the coalition, leaving a minority government clinging to power for a few weeks at best. The news sent the leu down more than one percent and pushed all central European currencies lower. Not only did the bureau get the news out fast, Reuters reporters in Bucharest, Prague and London told clients what it might mean with a series of boxes and analytical pieces. Stories looked at what the coalition collapse might mean for Romania’s IMF deal. On Oct 2, Reuters reporters managed to grab the local IMF representative and the head of Romania’s forecasting commission for their views.