Parliament Speaker: Bulgarians Want End to Austerity, Not Elections
The majority of Bulgarians want an end to what they see as a deficient fiscal policy carried out by a former government, not new snap elections, argued Bulgarian Parliament Speaker Mihail Mikov.
In an interview for Darik Radio Saturday, Mikov was interpreting a tide of street protests and rising political divisions in Bulgaria over 2013.
In February, rallies across the country against high electricity bills and perceived corruption toppled the cabinet of ex-PM Boyko Borisov, and led to snap elections May 12.
In June and July, protests assembled in capital Sofia against the new cabinet of PM Plamen Oresharski, requesting resignation after a string of controversial appointments.
"Bulgaria does not need early elections at this moment. People do not expect them - they expect a change in the Djankov policy," said Mikov.
The Parliament Speaker, a senior Bulgarian Socialist Party politician, was referring to Borisov's FinMin Simeon Djankov, who became notorious for implementing a number of austerity policies and chronically delaying payments for businesses to upkeep a strict fiscal discipline.
According to Mikov, Oresharski's cabinet needs time to fully reverse the faulty policies of the previous government and to steer the country in the right direction.
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“According to Mikov, Oresharski's cabinet needs time to fully reverse the faulty policies of the previous government and to steer the country in the right direction.”
Just because Boyko and his buddy Diankov were western protégées it doesn’t mean that they did a good job on the economics front.
Quite frankly they run the country and the economy into the ground. Bulgaria didn’t need austerity and didn’t have the huge debt to GDP ratios the Western world is suffering from! (BTW from now on the West will be at permanent rest! Recession, stagnation, deterioration, small insignificant 1%-2% growth and etc.)
Bulgaria needed stimulus and flexibility, diversity, tolerance and cooperation towards the future prosperous countries, markets and nations where millions of scientists, engineers, doctors, consumers and etc. are located and where the future will be shaped!