A law professor has been named caretaker prime minister of Bulgaria until elections take place in three months.<br /><br />Georgi Bliznashki said his interim government will look to unfreeze blocked EU aid and get the ball rolling for Bulgaria to join the EU’s banking union.<br /><br />Speaking alongside Bliznashki, Bulgarian President Rosen Plevneliev said: “The recent events in our banking system have shown the need to join the European Supervisory Mechanism, as a first step to joining the European Banking Union. The interim government will start the procedure for this.”<br /><br />Bliznashki will have a raft of issues to address: Bulgaria has been struggling with sluggish economic growth, street protests against corruption, deadly floods and a sovereign credit downgrade last month.
