Georgi Angelov predicted the collapse of the state

The draft budget for 2011. contain dangerous opportunities for strong increase in foreign debt, told the newspaper Repubblica economist Georgi Angelov. The state will be introduced into a spiral of making new loans and pay higher interest rates, as hundreds of millions will leak out instead be invested in health, education, social work, warns economist. On the other hand his government has noted a role in new budget law – a financial speculator: will mimic bonds will do swaps to finance the deficit. Such transactions did former finance minister Velchev which caused a scandal.

––––––––––––––––– ––––––––––

Finance