In this photo taken on Tuesday, Jan. 31, 2017, a man holds a poster depicting the leader of the ruling Social Democratic party Liviu Dragnea, during a protest in Bucharest, Romania. (AP Photo/Vadim Ghirda)
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More than 250,000 Romanians demonstrated on Wednesday against a government decree decriminalising some graft offences, seen as the biggest retreat on reforms since the country joined the European Union in 2007 .If enforced, as planned, within 10 days, the decree would, among other things, decriminalise abuse-of-power offences in which the sums involved are less than 200,000 lei ($48,000).Dozens of other political figures from all parties stand to benefit from the decree.The Romanian leu fell as much as 1.4 percent against the euro to 4.5540, marking a seven-month low, while longer-term yields rose 14 basis points.Anti-corruption prosecutors are currently investigating over 2,000 abuse-of-power cases.The government on Tuesday also approved a draft bill that would grant prison pardons.
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