Bulgarian FinMin Simeon Djankov: “Southern Europe Does Nothing Except Complain”

Politicians are not always a reflection of their citizens, as it appears. In an interview with German magazine Der Spiegel, Bulgarian Finance Minister Simeon Djankov shows no sympathy for neighboring Greece or “for the misery in Southern Europe,” as stresses the editor.

Being a colleague of the World Bank, Mr Djankov advises Greece to conduct many reforms. “I told my Greek counterpart to do so almost three years ago but still, nothing has changed,” said Bulgarian Minister.

Asked if his country, still one of the poorest in the EU, was balancing its budget at the expense of the people, he replied that “This is a false and dangerous contradiction that Southern Europeans recently added to the debate. Countries like Germany, Finland or Bulgaria have growing economies and still adhere to the deficit rules. Saving money and developing is not a contradiction. But all this could happen only under the condition that necessary reforms are implemented.”

“While Eastern Europe is largely implementing the necessary reforms, Southern Europe does almost nothing but complain,” continued Mr Simeon Djankov, probably insinuating blame on neighboring Greece. “In Southern Bulgaria we have Greece and its problems, in Northern we have Romania. It is difficult for our country to show that it’s stable,” he concluded.

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  • Markos

    Bulgaria should NEVER be used in the same sentence when comparing them to Germany, and Finland. Figures, Merkel gives the Bulgarians 15 seconds of recognition, the international press portrays them as some ‘miracle economy’ that’s doing sooo much better than those lazy Greeks, and you have this guy who eats it all up and for those 15 seconds thinks he has the right to attack every country in Southern Europe…

  • Iliyan

    This guy buddy was working
    fourteen years at the World Bank as a
    Chief economist of the finance and private sector vice-presidency.
    Simeon Djankov is the creator of the annual Doing Business report, the top-selling publication of the World Bank Group – so think he knows what he’s talking about …