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.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.