Bulgarian president resigns

Bulgarian President Rumen Radev resigned today, highlighting the nation’s political deadlock. The legislature, which is constitutionally scheduled for one election every four years, is now heading for its fifth snap election in less than four years. Radev’s announcement fuels speculation that he will run in the coming election, perhaps by forming a new political party. “A battle for the future of the fatherland lies ahead,” Radev said. “We are ready; we can and we will succeed.” Bulgaria joined the European Union in 2007 and adopted the euro on January 1 of this year. The country is located on the Balkan Peninsula, an area of great strategic importance to Germany. While Bulgaria’s political future remains uncertain, watch Germany’s efforts to intervene in its politics and expand its geopolitical control in this crucial strategic area.