Today's Quote

Quotes | June 8, 2012, Friday // 14:44| Views: | Comments: 1
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Bulgaria: Today's Quote

"Let's not make a mountain out of a molehill. This move [the eurobond float] will send a positive message to the markets. The fact that Bulgaria refinances its debt on the international market and does not seek other ways means that we are confident enough and not worried."

Former Prime Minister Ivan Kostov, who is credited with throwing out the ex-communists who had pushed the country to the brink of financial crisis in the 90s, speaking in parliament on Friday

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#1
mrposhrat - 13 Jun 2012 // 03:35:24

Is Bg so desperate to borrow money at this particular moment in time? At high interest rates? Are Greek subsidiary banks blowing up? Do most of the banks need nationalising and recapitalising? Will an IMF bailout be needed to offset the fallout from Greece this coming weekend? Will the smoking ban put the Bg economy into a nosedive, rather than a slow decent, already? What a dumb time to issue bonds!

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