Romania's Ponta closes in on presidency

November 16, 2014 2:45 AM

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Romania's Ponta closes in on presidency

BUCHAREST (Reuters) - Prime Minister Victor Ponta looks set to become Romania's youngest president in a runoff vote on Sunday, a result that could make one of Europe's poorest nations more stable as it looks to exit an IMF-led aid deal.

Backed by a well-oiled party machine, Ponta has led opinion polls and comfortably beat his nearest challenger, ethnic German mayor Klaus Iohannis, in the first round election on Nov 2.

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