Bulgaria Ex-Finance Minister Accused of Banking System Sabotage

Bulgaria’s Finance Minister, Simeon Djankov, accused Tuesday his predecessor Plamen Oresharski, of trying to destabilize the country’s banking system.

Djankov referred to a question posed to him by MP Oresharski regarding the idea to deposit part of Bulgaria’s fiscal reserve into commercial banks, and the revelation that he made about Oresharski striking a secret deal with Central Bank Governor, Ivan Iskrov, back in May 2008 for depositing 14% of the fiscal reserve into commercial banks.

“I cannot imagine how people who did that sort of things secretly can challenge me in Parliament, and ask me questions whose answers they are aware of. They know they did wrong things, and are now posing questions hoping that we would conceal their mistakes,” Djankov said Tuesday during the Fourth Annual Meeting of Government and Business in Sofia.

Earlier during the meeting, Prime Minister Boyko Borisov also said the aim of the moves of the former Finance Minister was to shake the stability of the country’s banking system.