Bulgaria vote seen unlikely to deliver government, solve crisis
Bulgaria’s two biggest parties look unlikely to win a majority in Sunday’s election and neither looks capable of forming a coalition, Reuters wrote. Tens of thousands took to the streets in February to protest against corruption, rising unemployment and high utility bills in February, forcing premier Boiko Borisov and his GERB party to resign in favor of a caretaker government. Bulgaria lags the rest of the bloc that it joined in 2007 and its struggles show the risk of fraying democracy and vulnerable economies in fringe members as the euro zone focuses on its own financial crisis. Borisov has ruled out any coalition deal but has previously worked with Attack, the main beneficiary of the protests with about 5% support, on an unofficial basis, although its anti-EU, Roma and Turkish rhetoric limits its appeal as a partner. The Socialists have promised to create 250,000 jobs, bring unemployment down from an eight-year high and cut taxes for low earners as well as keeping debt low. They have failed to convince voters beyond their core support. A poll on Thursday by the private Sova Harris agency put centre-right GERB at 20.9% and the Socialists on 20.4% while pollsters Centre of Analysis and Marketing put GERB at 21.3% and the Socialists at 18.9%. At least 43% support is needed for a majority.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.