Contagion from Bulgaria’s bank run is viewed as unlikely, but the crisis has put the spotlight back on eastern Europe’s financial sector.
The European Commission has approved a Bulgarian request to extend a credit line of $2.30 billion in support of banks.
Shares of Bulgaria's First Investment Bank fell more than 20 percent on Friday, as the central bank warned of an attempt to destabilise the country through an organised attack on the banking system.
War has exploded anew on a half-dozen fronts across eastern Ukraine, the New York Times reports.
Billionaire investor George Soros has called on European officials to urgently boost their efforts to support the Ukrainian economy.
Lithuania joined the euro zone on Thursday, despite concerns about the currency union's economy and reignited fears about a possible 'Grexit'.