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Friday 11 December 2009

Overview

Dear Readers,

There are lots of posts I could have put on here regarding such things as the appointment of Rumiana Juleeva as Bulgaria's new EU Commissioner, the latest shennanigans in parliament,and further dire economic news, but I will confine myself to one piece of economic news that is just emerging.It appears that while Bulgaria is one of the worst affected economies there appear to be signs that a turnaround will happen next year.

Now please bear in mind that recovery is a slow as turning round an ocean liner (there were still over 7 million unemployed in the US in December 1941), but since this recession is basically created by disappearing credit, and therefore consumer confidence, it is not the same kettle of fish.

Let us hope so.

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