EC CONTROL FREAKS: BULGARIA CAUGHT IN THE CROSSFIRE AS ENERGY WARS HOT UP

oilgusherWherever you look in the world today, the energy panic is never far from the centre of events

The Bulgarian Prime Minister Plamen Oresharski resigned yesterday, following accusations by the Opposition that he had allowed the country’s acute banking crisis to run out of control.

The country’s number 2 and 3 banks had been subjected to a massive run on funds, but this seems largely to have been the result of social network activity – during which First Investment Bank, the country’s third-largest commercial lender, suffered an astonishing attack from SMS messages and posts on local websites insisting that the bank was on the verge of implosion.

In fact, the outgoing Finance Minister Petar Chobanov rightly pointed out that Bulgaria enjoys “a stable fiscal reserve, which exceeds $5.5 billion, despite baseless talk of bankruptcy.

And there’s more: Corporate Commercial Bank AD – another significant lender – ran out of liquidity…after a dispute between the majority shareholder and a large depositor in the Parliamentary Opposition led to the latter withdrawing his funds.

It looks, does it not, like a concerted EC/globalist/Wall Street concerted effort to oust somebody in their way.

But here, perhaps, is the clincher: the South Stream gas pipeline – a heavily Russian-led enterprise – is something the European Commission has been pulling out all the stops to halt. The EC insists that the pipeline’s construction breaks EU member rules. And the US doesn’t want any Moscow income stream getting in the way of its sanctions.

Guess what? Boyko Borisov, the most likely upcoming Prime Minister of Bulgaria, told the media that, should he win, he would only continue the construction of the pipeline if the contracts correspond to EU rules.

RULE No 1 IN THE EU: DO AS YOU’RE TOLD, OR ELSE.

Closely related recent Slogpost: The EC attempt to smear Hungary’s Viktor Orban