Bulgaria could be the next Ukraine

Tuesday, July 1, 2014

The Bulgarian central bank officially acknowledged the ongoing attacks on the country's banking system. On Friday, for the second consecutive day the price of shares of the big banks fell on the Bulgarian Stock Exchange.

The attacks began a week ago, when the Corpbank was the target of a major attack; then, the country's central bank put Corpbank under control and the government threatened to nationalize the bank if shareholders do not raise its capital.

On Thursday, a representative of the ruling socialist party has indicated that another bank may be also in danger. The First Investment Bank's rate was 18.7 percent in the red during the day on Thursday on the Sofia Stock Exchange and this has triggered a chain reaction causing disinvestment in other financial institutions. On Friday, the bank shares were 20 per cent in the red, and in the afternoon it was announced that all branches of the bank will be closed until Monday. According to the announcement, "a criminal attack" was launched against the bank.

As it turned out, depositors withdrew almost 556 million dollars from the bank within a few hours. Friday evening, the Bulgarian government announced its resignation. Soon after, a statement was issued by the opposition parties declaring that the country needed an immediate IMF loan, and the IMF's "crisis management expertise"; then, the opposition announced that if they win the next general election they adopt reforms and austerity measures demanded by the IMF.

It is clear that the recent attacks on Bulgaria's financial institutions carried out by the Atlanticists; the country's controlled opposition actively supporting the plans of the IMF and other globalist interest groups to bring the country firmly under their control.

Bulgaria has recently suspended the construction work on the South Stream pipeline due to unbearable pressure from Brussels; then, the head of the ruling Socialist party announced that the country's political parties agreed on an early parliamentary elections held on October 5.

In addition to the EU's economic pressure, demonstrations are widespread in Bulgaria's major cities demanding the resignation of the government; in other words, in Bulgaria the same terms and conditions exist as in Ukraine, which resulted the removal of the democratically elected government by western funded opposition groups.

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Anonymous said...

Russia, Serbia agree €2.1bn South Stream construction deal

Serbia has signed a 2.1 billion euro contract with Gazprom subsidiary Centrgaz to construct the South Stream pipeline across its territory. There is increasing pressure from the EU to suspend the project because it claims it breaks competition law.

Centrgaz will be involved in the design, procurement, construction and installation activities, personnel training and commissioning, while Serbian subcontractors will carrying out some of the work, according to South Stream.

The signing ceremony was held in Serbia on Tuesday between South Stream Serbia and Centrgaz.

Gas should be flowing through the Serbian part of the pipeline by the end of 2016, according to RIA Novosti.

There has been mounting pressure from the EU to put the project on hold, as it is seen to breach European law.

Serbia had appeared to have halted the construction process, following Bulgaria's move, however both countries later denied they were not going forward.

Most of the participating countries have confirmed their commitment to South Stream construction.

On Wednesday Russia and Italy said they would continue work on South Stream and were ready “to settle all of the issues, including those that concern dialog with the European Commission,” according to Russian Foreign Minister Sergey Lavrov.

On Tuesday, Slovenia’s Foreign Minister Karl Erjavec said the country wanted “South Stream to pass through our territory.”

Further support for the Russian-led project came from Bulgaria on Monday, when the Prime Minister Plamen Oresharski said it was one of the country’s priority projects. The comment was made after a meeting with Russian Foreign Minister Sergey Lavrov in Sofia. “I believe that we have enough arguments to continue the project,” Oresharski said, adding that the government will work as hard as it can to continue it within the European legislation.

Russian Prime Minister Dmitry Medvedev said the deal on the Serbian part of South Stream would "… mean the transition of our relations with Serbia to a new phase."

South Stream is a Gazprom project expected to deliver 63 billion cubic meters of Russian gas annually to Europe bypassing Ukraine, which has proved unreliable as a transit partner. The on land part of South Stream goes through Bulgaria, Serbia, Hungary, Slovenia and Austria.

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