Jonathan Fryer

Writer, Lecturer, Broadcaster and Liberal Democrat Politician

Posts Tagged ‘EY’

Bulgaria under the EU Spotlight

Posted by jonathanfryer on Wednesday, 23rd July, 2008

The European Commission has suspended €500 million in funds destined for Bulgaria because of concerns over persistent corruption and organised crime. Both issues were highlighted in the the lead up to Bulgaria’s joining the EU in January last year, during which Sofia promised to tackle the twin problems, but as the Bulgarian Prime Minister, Sergei Stanishev, admits, ‘there is a discrepancy between the political will, which is a fact, and the achievement of concrete results.’ The Commission is also withdrawing the right of two Bulgarian agencies to administer EU funds.

Brussels hopes these measures will serve as a wake-up call to the Bulgarian government to get its house in order. An earlier draft of the Commission report was even tougher, threatening the suspension of Bulgaria’s progression to join both the Schengen area and the eurozone, but this was toned down at Sofia’s request. The pressure is really on Bulgaria now to show it can clean up its act, otherwise future enlargement, to take in countries such as Croatia, could be put at risk. I’ll be in Bulgaria next week, so I will be asking some tough questions.

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