Bulgaria’s Corpbank Failure Fans Voter Anger Before Vote
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In past elections, Valentina Kuzmanova was swayed by parties that promised jobs or social benefits in Bulgaria, the European Union’s poorest state. This time around, she just wants her money back.
The school teacher in Burgas, on the Black Sea, is one of the thousands of Bulgarians whose savings sit frozen in Corporate Commercial Bank AD, which failed in June because of a political feud and caused the government to collapse. With Oct. 5 early elections looming, she hopes the new authorities will save the lender, seized by the central bank in June, and avert a banking crisis so she can pay for her husband’s cancer care.