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Either the government expects a very severe development of the COVID crisis and a very severe global economic recession and is trying to borrow as a precaution before the closure of capital markets, or it is expected to stop some of the flows that finance the budget. This was pointed out to bTV Asen Vassilev, former Minister of Economy in Marin Raykov’s official cabinet, on the occasion of the fact that Bulgaria is increasing its debt by another 5 billion.
Most likely, the flows of EU programs will stop, or at least there is preparation for such a possible scenario, he noted. As a reason for this, Asen Vassilev pointed to the serious political crisis that, according to him, we have been seeing for 73 days, which has already spread to Brussels.
“That decision was already made after the words of Minister Desislava Taneva. 350 million have already been suspended. It remains to be seen if there will be suspensions in some of the other programs,” added Asen Vassilev. According to him, this will become clear after the debate in the European Parliament in early October.
“There have already been requests from the European Commissioners and the head of the European Commission that if it is seen that the rule of law is not observed, financial sanctions will be imposed on the respective country.
If this happens, it is better to have taken the loan before it happens, he said.
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