Nexo Scandal Sparks Political Debate in Bulgaria, GERB Accuses Rivals
• The scandal around the cryptocurrency lending platform Nexo has sparked a huge political debate between the leading political parties in Bulgaria.
• GERB (the ruling party from 2009 to 2021) has accused Democratic Bulgaria and We Continue the Change of having close ties with the distressed entity and even receiving donations from it.
• On the other hand, numerous MPs have argued that members of GERB have deliberately launched such attacks against their rivals in order to prevent them from forming an acting government.
The political debate surrounding the cryptocurrency lending platform Nexo has reached a boiling point in Bulgaria. On one side is GERB, the ruling party from 2009 to 2021, and on the other are two other parties, Democratic Bulgaria and We Continue the Change. GERB has accused the two of having close ties with the distressed entity and even receiving donations from it.
The accusations were made after it was revealed that Nexo employees had donated to one of the parties. This revelation has caused a great deal of tension between the parties, with GERB claiming that Democratic Bulgaria and We Continue the Change have received money from Nexo and should, therefore, distance themselves from it.
On the other hand, numerous MPs have argued that the accusations are false and are being used by the members of GERB to prevent the rival parties from forming an acting government. They have also claimed that GERB is using Nexo as a scapegoat to hide their own shortcomings and to distract the public from their own mismanagement of the economy.
In response to these accusations, the two rival parties have stated that they have never received money from Nexo and that they have always been transparent about their donations. They have also accused GERB of using Nexo as a political tool in order to gain the upper hand in the upcoming elections.
The debate is ongoing and it remains to be seen whether the accusations against the two rival parties are true or not. However, it is clear that the Nexo scandal has caused a great deal of political tension in Bulgaria and it is likely to continue until a resolution is reached.