Monday 24 August 2009

Bulgaria Easy Money

About three or four years ago the property programmes on television were highlighting Bulgaria as the place to buy property. Not to live in, but as holiday homes and to make money from. Now my views on property speculation are well know here, but to me encouraging people to buy property in a country where there is widespread corruption and what the EU describes the legal system as a failed system was foolish to say the least.

While I am a Europhile and I do think that the expansion of the European project can benefit the whole of Europe and the world, countries should only be accepted if they can show that they have met the high standards expected of all. Therefore Bulgaria should not have been allowed to become part of the European Union until they had sorted out these problems.

Now I know that there are people who will quite rightly say look at the corruption in Italy, and I would agree that Italy too should not be allowed to receive EU funds unless and until it sorts out the corruption there.

It is these examples that gives the critics of the EU their ammunition. I don't think that the EU is perfect and like all big organisations they will do things that make you think what a stupid bunch they are. But only via cooperation can issues like Climate Change or an integrated green energy policy become a reality.

As for all these thousands of British people that have lost their life savings in buying property in Bulgaria, well had you taken the greed blinkers off, you would have seen that there is no such thing as easy money. All these naïve television presenters did was line the pockets of the criminal gangs and add to the corruption in Bulgaria.

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