The European debt crisis claims a new victim: Bulgaria
Share Now on:
The government of Bulgaria has quit after nationwide protests against austerity measures.
After clashes between police and protesters became violent and bloody, Bulgarian Prime Minister Boyko Borisov submitted his resignation today in what has become the latest example of voters rising up against budget cuts and winning.
Bulgaria is the poorest country in the EU, with average monthly earnings of $550. However, it is not alone in its economic struggles and conflicts. Since the debt crisis began in Europe, governments have fallen in Spain, Greece, Portugal, Ireland and France.
“I don’t think that any of these government are actually in control of their own policies,” says Megan Greene of Maverick Intelligence, a consulting company which advises governments on economics and policy. “Even though the opposition will continue or increase, I don’t think these goverments really have any other choice.
To hear more about the rising opposition to austerity across the region, click on the audio player above.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.