Ad
"The case painfully reveals the toxic consequences of mixing politics and banking" (Photo: EUobserver)

How the EU can help Bulgaria avert another banking crisis

In a few short weeks Bulgarian authorities are due to announce the name of the next governor of the country’s central bank. Until half a year ago, this seemed like a routine decision that would not attract the sustained attention of the general public.

However, in the summer of 2014 a run on Corporate Commercial Bank, Bulgaria’s fourth largest bank (KTB), shattered the myth that the country had become an island of financial stability in Eastern Europe.

In the wake of KTB’s collaps...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

"The case painfully reveals the toxic consequences of mixing politics and banking" (Photo: EUobserver)

Tags

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

Ad

Related articles

Ad
Ad