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Fake Euro notes seized in Sofia during a special police operation. A government riddled with corruption and a country beset by crime. That's the European Commission's grim verdict on Bulgaria, a nation that was supposed to have cleaned up its act when it joined the European Union 18 months ago. The Commission, the E.U.'s executive branch, accompanied its damning report on life in the Balkan nation today with the announcement that it is freezing E.U. aid worth nearly $790 million, stripping two Bulgarian agencies of the right to manage E.U. funds, and will order Sofia to write a new penal code to deliver more effective justice. "The fight against high-level corruption and organized crime is not producing results," the Commission said in its report. "Corruption and fraud is affecting the delivery of E.U. financial assistance... [read full story]
