As Bosnia and Herzegovina (BiH) continues to borrow funds to prop up an unwieldy bureaucracy it risks following Greece towards bankruptcy, warned the Bosnian Deputy Minister of Finance Fuad Kasumovic. Kasumovic's announcement comes after the BiH Council of Ministers granted the Ministry of Finance the authority to negotiate with European Bank for Reconstruction and Development ( EBRD) for a 100 million Euro (about 120 million U.S. dollars) loan to cover external financing and budgetary needs for the current budget period. Kasumovic was quoted by Monday's Balkan daily 'EuroBlic' as saying that this cycle of borrowing to sustain the public administration of the country was coming at the expense of economic growth. He said none of the loan would be invested in the economy. 'The economy and citizens of BiH cannot finance this large bureaucracy,' said Kasumovic. 'We have an annual shortfall of one and a half billion Marks (roughly 750,000,000 Euros)..Every year we have to borrow more.' Kasumovic explained that economists identified four problem areas in the Greek economy that contributed to its current economic crisis: a large administration, large public and social benefits, a large external debt and a lack of transparency. BiH currently does not have an overwhelming external debt otherwise it meets all the other conditions to suffer the so- called 'Greek syndrome' according to Kasumovic. He stated that he is opposed to increased lending to cover the public administration shortfall, and that salaries must be cut or the size of administration reduced. 