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Commenting article: EU, IMF, World Bank Loan Hungary EUR 20 B amidst Global Financial Turmoil

The European Union, the International Monetary Fund, and the World Bank are ready to provide Hungary with loans of the total amount of EUR 20 B in order to prop up the country's economy amidst the raging global financial crisis.

According to the joint statement of the Presidency of the Ecofin Council and the European Commission, the EU is ready to provide Hungary with a loan of EUR 6,5 B.
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#1
CJB - 31 Oct 2008 // 16:00:17

Sorry, Mikhail Gorbachev...

#2
Kolegialen - 30 Oct 2008 // 17:56:09

"Why do you always misinterpret everything as being a dig at BG. No one said BG caused it. Who's saying that???"

Because most of you seem to start every sentence here with "Corrupt BG ... anything".

Say "Corrupt politicians" instead of bringing up BG in your rants, because guess what - corruption galore where you come from and where I live as well - in fact this is what those "corrupt BG politicians" are talking about dealing with - the results of the corruption of US, UK and EU politicians!

So politicians are corrupt - stop shitting on my country!

#3
Robin - 30 Oct 2008 // 10:41:45

Kolegialen,

Why do you always misinterpret everything as being a dig at BG. No one said BG caused it. Who's saying that???

You said it yourself: "There is a world wide crises". So why then are BG politicians telling their citizens that everything will be fine when countries are defaulting all around them?

#4
iamsoobored - 29 Oct 2008 // 23:03:50

CJB

Are you saying that the Bulgarian parvenues and mutri are living way above their means? Why am I not surprised?

#5
Kolegialen - 29 Oct 2008 // 21:56:00

Who to believe?
Robin, point to one country that looks good right now!

There is a world wide crises, and we're all screaming Bulgaria, as usual.
We didn't cause it.

#6
CJB - 29 Oct 2008 // 19:30:34

"Bulgaria was a country which had lived beyond its means for a long time." - Michael Gorbachev referring to Communist era Bulgaria. From: http://en.wikipedia.org/wiki/Todor_Zhivkov

Plus ca change! Current account deficit 24% of GDP!!! The highest in Eastern Europe!

#7
iamsoobored - 29 Oct 2008 // 14:59:47

Robin,

Are you serious? It is a no-brainer who is more credible. The Economist, of course. Bulgarian politicians are fool, they know nothing. Every time they deny something, bank on it being true. They lie. The Economist has very good and balanced reporting and there is no percentage for them to lie.

#8
viking - 29 Oct 2008 // 12:34:09

Robin,

Good article!
It is always easy to point fingers at the journalists, but most are just reporting what has happened so far and what the "experts" say will happen in the future.

Many have pointed out that Bulgarinas tend to not use banks and that may be a very good thing for the future! The older folks have no mortgages and little debt.
I think the west is in bigger trouble because of the amount of debt people have.

Just my 2 stotinki's worth

#9
Robin - 29 Oct 2008 // 11:34:59

Anybody trust "The Economist"? Doesn't look good for BG and RO either...

http://www.economist.com/world/europe/displaystory.cfm?story_id=12465279

Who to believe? Corrupt BG politicians or dodgy journalists?

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