Epic Timing: IMF Pronounces Bulgaria’s Banks Safe Just Two Weeks Before Bank Run - InvestingChannel

Epic Timing: IMF Pronounces Bulgaria’s Banks Safe Just Two Weeks Before Bank Run

Epic Timing: IMF Pronounces Bulgaria’s Banks Safe Just Two Weeks Before Bank Run

Roughly a month ago IMF bureaucrats released an official report which stated, among other things, that Bulgarian banks are “stable and liquid.” Talk about epic timing.  Because less than two weeks later, Bulgaria’s banking system was in the throes of a full-blown crisis. There was a run on two of the nation’s largest banks—several hundred million […]

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