Having told everybody that it was a model of financial probity the Bulgarian government has revealed that the outgoing Socialist government authorised contracts worth billions in its final days in office.This has pushed the percentage of debt as GDP way over the limit for application to the Euro 'waiting room'. There is now absolutely no chance of Bulgarian adopting the Euro in 2013.This is a major blow to the stability of the Bulgarian economy.
The earliest they can adopt the european currency is 2014.This what happen when losing politicians loot the Treasury.
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