Romania's Leftist PM Launches Candidacy In Presidential Election

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Romania's ruling leftist alliance endorsed Prime Minister Victor Ponta's candidacy in a Nov. 2 presidential election on Tuesday, with opinion polls showing him leading but not by enough to avoid a runoff ballot. 41 year old Ponta, the leader of the leftist Social Democrat Party, came to power in May 2012 in an alliance with the Liberal Party, toppling a center-right government that undertook painful wage cuts and tax hikes at the height of the financial crisis.

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