10. Bulgaria
Our neighbor across the Danube is the least volatile sovereign debt issuer, with a probability of 24.95% of defaulting on its debts. The 5-year credit default swap spread increased to 405 basis points.
Bulgaria is also the poorest member of the European Union and now experiences its first recession in 11 years. The state is considering a financing package from International Monetary Fund. Bulgaria had an annual economic growth of almost 6% over the last years, and now it faces wide current account gap and high sovereign debt.
Bulgaria is also the poorest member of the European Union and now experiences its first recession in 11 years. The state is considering a financing package from International Monetary Fund. Bulgaria had an annual economic growth of almost 6% over the last years, and now it faces wide current account gap and high sovereign debt.