Tag Archives: Tzvetan Vassilev

Bulgaria Banking Meltdown Averted for Now

Russia might be trying to destabilize the Bulgarian banking system as revenge for the decision by the Bulgarian government to stop the construction of the South Stream gas pipeline. The pipeline would provide an alternative route for Russian gas to Europe to the existing pipeline through Ukraine. Especially while it remains uncertain what lay behind these attacks on the banking sector, Bulgaria is likely to remain on edge in the coming weeks and months.

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