But again to no real avail, since domestic demand is deflating so strongly that the economy struggles to find air…… and growth. In this sense it is hard to agree with the IMF Executive Directors when they state in their latest Public Information Notice, following conclusion of the Fund’s 2012 Article IV consultation, they “broadly agreed that the currency board arrangement has served Bulgaria well”. If allowing a country to drift towards long term melt-down is doing well, I would hate to see what something which they thought was an impediment would do! Some thing is rotten in the state of Denmark, and that something isn’t being identified or dealt with