Finance minister

One might say it is not our business to draw out cabinets and distribute ministerial seats.

But in the current situation it seemed right to us to offer our own version of a task that the Constitution has assigned to the President - to produce a cabinet blueprint which could set the situation in Bulgaria at rest and return trust in the institutions.

Here is what we think:

Events at Corporate Commercial Bank, which is to be stripped of license by central bank BNB, will not affect citizens' assets, Bulgarian Finance Minister Petar Chobanov stressed.

Between BGN 1.5 and 2 B are to be spent to avert any impact of the bank's insolvency on savings, website Dnevnik.bg quoted him as saying.

 Finance Minister says no date has been set to discuss the lightening and sustainability of country’s arrears

By Eleni Varvitsioti

Prime Minister Antonis Samaras described his new cabinet of 45 ministers and deputy ministers as one that would be able to “plan for Greece’s future” after the group of ministers were sworn in and held their first meeting.

Finance Minister Yannis Stournaras has accepted the resignation of the country's general secretary for public revenues Haris Theocharis.

In a statement, the ministry said Theocharis had resigned for “personal reasons.”

Finance Minister Yannis Stournaras refused to make on Minday any further comment on his German counterpart Wolfgang Schaeuble’s claim that Greece would need more loans.

Stournaras was asked about the German minister’s comments when he left a meeting with Prime Minister Antonis Samaras at the Maximos Mansion. “We put out a statement yesterday,” said Stournaras.

Greece’s Finance Ministry has insisted that the country is fully funded until the summer of 2015 in the wake of comments by German Finance Minister Wolfgang Schaeuble that a new loan package of less than 10 billion euros would be needed.

“As is known and was accepted at the last Eurogroup, Greece’s funding needs are covered until mid-2015,” the Finance Ministry said on Sunday.

The latest Finance Ministry report reveals that in the first four months of 2014, the government spent almost €200 million more than it managed to gather from taxes.

This sum amounts to two-thirds of the planned €300 million budget deficit for the whole year, which is set at 3.5 per cent of GDP.

The authorities' major concern for the next time horizon is for Romania to continue its economic growth trend and the implementation of structural reforms, Minister of Public Finance Ioana Petrescu declared on Friday after the World Bank Group's Board of Directors approved a development policy loan (DPL) worth 750 million euros for Romania.

Fired Finance Ministry cleaners blocked the entrance to the ministry on Thursday protesting the Greek government's failure to comply with an Athens court decision earlier this month that they be reinstated.

Police are at the scene, but have not intervened.