Bulgaria economy at point of no return

Published on Feb 19, 2013
An analyst says the unfortunate situation in Bulgaria is due to decades of massive state spending which has defied good economics and devastated the country’s financial system past the point of no return. The comment comes as several thousand people took to the streets across Bulgaria on Tuesday to protest against the right-wing government of Prime Minister Boyko Borisov. Earlier on Monday, Bulgaria’s unpopular finance minister, Simeon Djankov, was removed from office after protests over high electricity bills snowballed into anti-government demonstrations.

“We’ve lived through communism and remember the personality cult towards (the dictator) Todor Zhivkov. But what we have now surpasses it — it’s Boyko for breakfast, Boyko for lunch, Boyko for dinner, while people don’t have anything to eat. We’re fed up,” a protester was quoted as saying. Press TV has conducted an interview with economic expert Rollin Amore to further discuss the issue.

Thanks PressTVGlobalNews for the video

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