Political risks ahead of the euro zone remain as talks are held in Italy at top level, to consider taking the country out of the monetary pact which could greatly destabilize the country and the entire European Union.
Factors in it are the political instability which swept Greece, Italy and Bulgaria in recent months. The main forces behind it are the vastly populist parties in the national assemblies of those and other counties.
In Italy, untransparent and populist are roughly 60% of parliamentary represented forces similar to or slightly better of the situation in Greece.
Bulgaria however had greatly unaccountable governments for the last 12 years which found various ways to avoid projecting and programming actions towards the reduction of enormous high flours, political corruption. In recent weeks, the Bulgarian government was brought down by country wide protests mainly against the political and judicial corruption, the lack of expertise of the government and its complete failure to even desire reforms.
As a result, Bulgaria is choked from dependence of foreign oil and gas (mainly Russian) and its vast majority of parliamentary represented political parties and structures are largely financed by dirty money and foreign interest (Russia).
Nearly 90% of the political spectrum in the local parliament lacks transparency and basic accountability and spends much of the cash it generates (often from illegal activities and/or of groups and companies close to the Russian government) to manipulate local media market which firmly represents its interest almost entirely, making Bulgaria the worst in free speech ratings in the EU. (http://www.transparency.org/cpi2012/results , http://www.bghelsinki.org/en/ )
It is not to be underestimated the total failure of the last three Bulgarian governments to look towards catching up in technology and education, in which the country continues to lag even further.
Bulgarians are utterly disillusioned (they are in the top three unhappiest nations in the world) as they are angry of the complete failure of three consecutive governments to create a sustainable economic policies and growth, which is understandable in a country which has such enormous, almost Russia style and extent problems with business, political and judicial corruption.