Yes, the original article said 'Bush looked depressed', *very* different from the statement 'is depressed/suicidal', which is a potentially libelous statement to make in the global media! SNA, you might want to check with your lawyers!? (worried)
Three factors led to the ...
Maybe, but this is the first major recession since communism. It's going to be a big shock for everyone :-(. It's the downside of capitalism. Actually, in truth, there is not much the politicians can do. They will most likely need help from the IMF. The only thing to be sure about is that things will get better, eventually :-).
TUI and Thompson have already cut summer capacity by 20%. Brits are going to Turkey, Egypt and Mexico. Who knows what Germans will do, but they must be starting to get really worried about their own economic situation.
Funny, that this comes a few days after the PM sent a letter to the EC about Boyko? :-).
Things will get much, much worse before they get better, and the recovery will be very slow. The reserves simply won't last that long, and they're being depleted fast to try and protect the currency. The ruling parties will get the blame, deserved, or not, but Boyko's gaffe is the dumbest ever.
Tourism could be down by 20-30% too, TUI and TGC have cut that much capacity already, and many holiday makers are switching to Turkey, Eygpt and Mexico because of their weaker currencies.
Bulgarian propaganda trying to cover up the truth, more like. The current situation with the trade deficit is unsustainable and at some point in the near future the economic implosion is going to become very apparent IMHO (In My Humble Opinion). A 35% devaluation, 25% unemployment and property prices falling maybe 55%.
Injecting 1% of GDP into the banks will add further downward pressure on the currency.
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan