Plamen Oresharski,the embattled Socialist prime minister of Bulgaria has resigned after only a year in office to allow for an early election on October 05,2014
Plamen Oresharski's Govt had been expected to quit after the Socialists did badly in May 2014's European elections and lost a key ally in parliament.
Parliament is expected to approve the cabinet's resignation on Thursday.
An Interim Govt is likely to take over in August 2014
Note
The previous cabinet formed by Boiko Borisov's conservative Gerb party collapsed amid economic unrest.
Bulgaria is now grappling with its worst banking crisis in decades.
Bulgaria is one of the EU's poorest countries
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