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Analysis

Romania's new president faces battle to reduce the widest deficit in EU

Romania holds second round of presidential election

Nicusor Dan speaks as he reacts to exit polls of Romania's second round of the presidential election in Bucharest on Sunday.

 Stoyan Nenov/reuters

Romania centrist Nicusor Dan may have defied the odds to win the presidency, but now he faces an even more daunting task: forming a government that can implement years of painful austerity聽鈥� and revenue-raising measures聽鈥� to tame Europe's widest fiscal deficit.

Sunday's come-from-behind victory for the soft-spoken mathematician over hard-right rival George Simion averted, for now, an eurosceptic turn for Romania, and markets rallied in relief.



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