European debt crisis
The European Commission lowered its forecast for the growth of the Bulgarian economy this year from 3.8%, as expected in the spring, to 3.5%. The explanation is the delay in exports. The forecast of the International Monetary Fund in October is that the growth for the year is 3.6%, as is the expectation of the Bulgarian Ministry of Finance, reports Dnevnik.
The decision on whether Greece will have to implement or not the pension cuts the country agreed with its creditors will be taken in mid-November, a senior EU official said on Friday.
Speaking to journalists, the official said there will be an extra Eurogroup meeting on reforming eurozone in mid-November and it is possible that the final decisions will be taken then.
Rating agency DBRS said it believes Greece runs a "moderate" risk of exiting the eurozone.
In a report issued late on Monday, DBRS warned that while the other 18 states that share the euro currency run a "low risk" of eurozone exit, including all other countries to emerge from a bailout program, Greece continues to face a moderate possibility.