Financial Times: Borisov heads for victory in Bulgarian election

Views on BG | July 4, 2009, Saturday Financial Times By Theodor Troev and Nikolay Petrov A new populist right-ofcentre party led by Boyko Borisov, a former police officer and mayor of Sofia, is set to finish first in Bulgaria's general election tomorrow but will fail to win an outright majority, according to opinion polls. Bulgaria, the poorest European Union member, faces a fruitless summer of political bargaining that could mean holding another election this year - possibly prolonging the effects of recession and threatening the country's currency board regime, which pegs the lev to the euro. "A coalition government is the only option, but a stable formula cannot be achieved through left or rightwing groupings alone," said Kancho Stoychev, of Balkan British Social Surveys-Gallup International. Mr Borisov's party, Citizens... [read full story]                    

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