WASHINGTON — Bulgaria, which has been bullied by the European Union for years, is in a state of political flux. Its government resigned this past February and is now looking for a new coalition government.
Reuters reports that the former prime minister, Boiko Borisov, said that his party will support a coalition government to help the country get back on track. Borisov is the leader of Bulgaria’s largest party, GERB, but refuses to support the ruling Socialists in their drive to form a government.
Bulgaria is the worst-performing economy in the European Union and its recent election this month has led a political impasse. Bulgaria and Romania both feel that the EU has bullied them up until this point. A terrorist attack on Jews visiting Bulgaria was traced back to Hezbollah and could have affected Bulgaria’s tourism industry.
This is the least of the EU’s problems, as they are still dealing with the economic problems of Spain, Italy, Greece, Cyprus and France. As we reported earlier, Germany cannot single-handedly save the entire eurozone.
Another recession and potential crisis is fast approaching; can the EU save the eurozone from itself?