tag:blogger.com,1999:blog-8764541874043694159.post3837064362994068491..comments2024-03-29T10:48:38.142+00:00Comments on Coppola Comment: What on earth is going on in Bulgaria?Frances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8764541874043694159.post-43760322399389310592014-07-01T08:14:11.880+01:002014-07-01T08:14:11.880+01:00Euro peg seems to be the core problem. “Market” kn...Euro peg seems to be the core problem. “Market” knows that Bulgarian CB cannot guarantee unlimited liquidity to the banks in case of reserve drain ( cash pulled out of ATMs in a rampant pace for example). I can see a massive deflationary potential resulting from austerized government spending which in turn is/will be a consequence of being committed to pay for bad assets of taken over banks. Looks like a classic example of the oligarchs handing the bags to the little people and this brings us back to the CORRUPTION phenomenon :)BTOhttps://www.blogger.com/profile/07742433311983036311noreply@blogger.com