To understand why, we need to turn to the ideas of the noted Post-Keynesian economist Hyman Minsky. He created an analysis of the finance and credit markets which gives an insight into why it is doubtful that even a "free banking" system would resist the temptation to create credit money (i.e. loaning more money than available savings).

RFE/RL contacted MBF Port Burgas for comment but didn't receive a response. An EBRD official confirmed to RFE/RL that the bank wants to sell its stake in the port of Giurgiulesti and is interested in making the process transparent.

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