This is not looking good for Bulgaria

Bulgaria, most likely, will have to refund the European Union with EUR 32 M for 10 road projects from the PHARE program.

The information was revealed Friday by the Deputy Minister of Regional Development, Lilyana Pavlova.

Pavlova said that most of the deadlines have expired and it would not be possible to ask for an extension at this points, but stressed that Bulgaria would not use the State budget to repay the EU.

In the mean time, the Minister of Regional Development, Rosen Plevneliev, informed that Bulgaria will apply for a EUR 1 B loan for different infrastructure projects.

Why can't the Bulgarian government get it into their head that they need to play ball here? it's the only way forward for Bulgaria as I see it.

BGTRAVELLER wrote:

Why can't the Bulgarian government get it into their head that they need to play ball here? it's the only way forward for Bulgaria as I see it.

Agreed [You must be registered and logged in to see this image.]