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IPFS News Link • World News

Bulgaria Has Resources to Stop Run on Banks, President Says

•, By Elizabeth Konstantinova

Plevneliev met with the leaders of the country's biggest political parties and central bank Governor Ivan Iskrov, who agreed "to secure all necessary means and actions to guarantee banks' stability," the president told reporters in the capital Sofia today. He called early elections for Oct. 5 and said he will dissolve parliament on Aug. 6.

Bulgaria's ruling Socialists are under pressure to resign following a poor showing in European Parliament elections May 25. The government, which took office a year ago, is fighting to keep the banking system stable as opposition politicians say current leaders have brought the country to the brink of ruin and police make arrests on charges of spreading rumors to destabilize the country's finances.

1 Comments in Response to

Comment by Powell Gammill
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Just what every Bulgarian depositor wants to here, I am sure. lol