Counterfeiting in Bulgaria becoming problem for financial stability of EU - minister

Bulgarian Interior Minister Tsvetan Tsvetanov has said that Bulgaria is becoming a concern for the financial security of the euro because of counterfeit money flooding the market and because of the lack of severe sentences for counterfeiters caught by the police.

The police conducted several high-profile operations targeting counterfeit mills but the men arrested were given suspended sentences by the judiciary, Bulgarian news agency BTA reported on June 3 2011.

Bulgaria’s Financial Stability Guarantees Economic Prosperity

The “stability pact” proposed by Finance Minister Djankov will ensure a sensible government for the business and the people.

Some say that trust is worth more than gold and there’s a lot of truth in this statement. Trust is of fundamental importance not only to interpersonal and business relations, but also to a successful government. Businessmen and foreign investors desperately need state guarantees of Bulgaria’s financial stability over the next few years.