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Media type:
E-Book
Title:
Is it Always Profitable to Be a Member of European Union (EU)? (I-St Part)
:
For the Bankruptcy of the Corporate Trade Bank and a Wrongful Directive of EU
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 8, 2017 erstellt
Description:
The referendum for leaving of Great Britain from EU or so called Brexit raised the question whether is always profitable for one country – member-state of EU to be part of the Union. The article is the first of a small series of that kind on the subject of some losses which incurs one member state of the EU because of its membership. In this first article we analyse the bankruptcy of one big bank in Bulgaria – Corporate Trade Bank in 2014. EU with his Directive states too high benchmark for Bulgaria to guarantee the bank deposits of citizens – 100 000 Euro. Paying them only for that bank, Deposit Guarantee Fund is totally exhausted, and not only this, it is due the Government to take loan, which to give to Deposit Guarantee Fund in order the Fund to repay in full all the guaranties. This loan probably will never be restored from the Fund because of the lack of means and probably will be pardoned by the Government which will be transferred at the account of tax payers. In the article is given the concrete amount of the losses