Macroeconomic Monitor
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2011.12

Cheap sometimes turns out to be expensive

When it comes to debt problems, Greece is probably the first country that comes to mind lately. Debt problems, however, should not be associated solely with the state. Hungary may enjoy significantly lower levels of debt than Greece, but on the other hand it has debt …

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The great example of a small country - New Zealand

In just two decades, New Zealand has managed to establish itself as one of the most attractive destinations in the eyes of international investors. As a result of its consistent policy of liberalizing the economy, the island country, rich in natural resources and distinguished by enviable economic and political stability, has managed to give a new …

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Caretaker governments in the EU

Borislav Shterev It has long been no secret to anyone that the prospects for the euro are deteriorating with each passing day, and the leaders of the leading economies in the European Union cannot unite around a single strategy for exiting the crisis. Options for leaving the eurozone and eliminating …

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The unbearable lightness of laws*

On Monday, the third issue of the Legal Barometer (a civil initiative for periodic monitoring, analysis and assessment of the state and development of the legal order in Bulgaria) was presented. The project is implemented by the Center for Legal Initiatives Association with the support of the America for Bulgaria Foundation. After a year and a half of systematic monitoring and analysis …

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Is Europe powerless against credit rating downgrades?*

The rising wave of credit rating revisions of a number of European countries and financial institutions has sparked heated debates about the objectivity and reliability of credit ratings as a tool for guiding investment policy and determining solvency. Somewhat paradoxically, credit rating agencies are currently being criticized for doing this, for …

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Education and knowledge economy

The world is moving inexorably towards a future based on a knowledge economy. Peter Drucker (in his book The Age of Discontinuity) popularized the idea that the most valuable resources will be technological and business know-how, combined with a strong entrepreneurial spirit. With these “ingredients” the highest value-added products are created - the same ones that are …

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Why student fees should increase

It recently became clear that the government wants to shift part of the burden of student support onto the academic youth themselves. Specifically: to raise the ceiling on fees, while at the same time reducing direct payments from the treasury. From the draft law on the budget for 2012, we understand that a 16% increase in fees is planned. …

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Winter comments about the state

According to weather forecasters, the weather conditions in the week before Christmas will worsen. Snowfall and lower temperatures are expected. Forecasts indicate that winter is coming. This seems to me to be an appropriate time for two comments on current topics in the country:

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Western Negligence Towards the Eastern Question

Borislav Shterev The tension on the Serbian-Kosovo border in recent months clearly shows that the efforts of the international community to restore peace in the region have not led to the desired result. The future of Kosovo is still unclear and for the moment only the KFOR forces are preventing the smoldering conflict from escalating into a new …

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Democracy as a commodity*

The theory says that the new world order is a direct product of the international legal order, that in international relations after the end of the Cold War, force is not a leading factor. I tend to agree with the theory, although the idea of a legal order in communication between states, the result of the coordination of their sovereign wills, …

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