Bulgaria scrambles to stop bank run after EU approves aid | Bangkok Post: news

News > World

Bulgaria scrambles to stop bank run after EU approves aid

- +

Bulgaria on Monday sought to reassure savers its beleaguered banking system was "functioning normally" after Brussels stepped in to stop a run on two lenders turning into a full-blown crisis. 

People queue up in front of a office of Bulgaria's First Investment Bank (or Fibank) in Sofia on June 30, 2014

Non-eurozone Bulgaria has blamed the situation, which has raised fears of a repeat of the country's devastating banking crisis of 1996-97, on "criminals" spreading false rumours.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments