The debt increases
01.01.2009
In September 2008, the debt of the country is 35,6 billions euro. For comparison, at the end of 2007 it is 28,9 billions euro, and at the end of 2006 - 20,7 billions euro.
Bulgaria (286) -- Analyses-- 2009
About the debt
01.01.2009
The public debt is 2,7 billions euro. From the private debt the biggest shares - above 1/3 - have the real sector and the companies.
The trade banks had 27% of the debt.
The main problem is that the big debt may generate mass inconsistency. If it occurs and the bank system can not hold the pressure,
the debt will be covered by the lenders, not by the borrowers.
