Bulgarian Socialists Officially Name Oresharski Candidate-PM

Plamen Oresharski, former Bulgarian Finance Minister, is the Bulgarian Socialist Party's official PM candidate, stated socialist leader Sergey Stanishev Monday.

The decision was formally approved by the Socialists' Executive Bureau ahead of Tuesday's first convention of Bulgaria's new, 42th parliament.

Plamen Oresharski was Bulgaria's FinMin 2005-9, in the tripartite coalition government led by Sergey Stanishev.

"The first three most pressing priorities of the program cabinet will have to do with power bills, prices of medicines and urgent boosts to the economy," said Stanishev Monday.

The Socialists will be able to propose a cabinet to parliament only given failure of a prior proposal by former ruling GERB party, which came out again first at the May 12.

All three other parliamentary parties have stated they have no intention to support a new GERB cabinet.

At the briefing Monday, Stanishev vowed that if elected, a socialist-led new cabinet will restore Bulgaria to normal social and political life, and will work towards boosting the ailing economy.

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