Bulgaria is to stay less affected by the global financial crisis than other countries due to the currency board and the flat tax system it adopted, Steve Hanke, a Professor of Applied Economics at the Johns Hopkins University said during the 10th Southeast Europe Economic Forum.
However, Prof. Hanke, who is said to be the father of the Bulgarian currency board system, pointed out that the Bulgarian Achilles' heel is corruption.
Source: www.novinite.com
http://www.novinite.com/view_news.php?id=98619