Ongoing: Democracy + Communism: In Print - TIME :: Bulgaria: 25 Years After Democracy: 25_Years_After_Democracy_Paskova_005

Protesters against bank KTB (Corporate Commercial Bank) gather in front of the Bulgarian National Assembly in Bulgaria's capital Sofia, on November 6th, 2014. KTB closed in June, its customers no longer able to access their money, as the majority owner Tsvetan Vasilev was indicted for corporate embezzlement in absentia and placed on Interpol's and Schengen's most wanted lists. Bulgaria's central bank subsequently discovered a 4.22 billon leva ($2.71 billion USD) hole in KTB's accounts, which is much higher than Bulgaria's debt ceiling. This is the nation's worst banking crisis in two decades.

Protesters against bank KTB (Corporate Commercial Bank) gather in front of the Bulgarian National Assembly in Bulgaria's capital Sofia, on November 6th, 2014. KTB closed in June, its customers no longer able to access their money, as the majority owner Tsvetan Vasilev was indicted for corporate embezzlement in absentia and placed on Interpol's and Schengen's most wanted lists. Bulgaria's central bank subsequently discovered a 4.22 billon leva ($2.71 billion USD) hole in KTB's accounts, which is much higher than Bulgaria's debt ceiling. This is the nation's worst banking crisis in two decades.