Bulgaria explains mystery budget in Brussels

Bulgaria provided information that was too sparse and too late about plans to substantially revise its state budgets for 2009 and 2010, puzzling the European Commission and prompting doubts about the credibility of the new member state's statistics, an EU official said on Monday (21 June).

Finance Minister Simeon Djankov met the EU's economic and monetary affairs chief, Commissioner Olli Rehn, to explain why the government revised last year's public deficit to 3.9 percent of gross dome...