Today's Quote: Steve Hanke

Quotes | September 17, 2015, Thursday // 07:15| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Today's Quote: Steve Hanke

"It's like a basket of apples. They are reporting the average quality of apples in the basket and in the end that's what you get - if you look at the aggregate in the basket. With individual apples in the basket, maybe there are some rotten apples there."

"Maybe the Prime Minister knows what the individual apples look like and I don't... and I want to see what the individual apples look like."

Applied Economics Professor Steve Hanke giving advice to the Bulgarian National Bank in an interview. In his words, instead of putting down information on non-performing loans on a quarterly basis, the central bank BNB should certify and post balance sheets of all banks every month.

He has also warned of the risk still posed in Bulgaria by lack of transparency.

"The risk in Bulgaria is transparency about everything, because nobody knows what is happening in general."

"It's the biggest rumor mill in the world; the world capital of rumors."

Quotes » Be a reporter: Write and send your article
Tags: Steve Hanke, Bulgarian National Bank, transparency
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria