Macroeconomic Monitor
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2011.12

How exactly did the EU “ban” uncovered credit default swaps?

The regulation on the restriction of short selling and trading in credit default swaps, voted on by the European Parliament a month ago, once again demonstrates the chronic inability of European leaders to put into practice their previously stated intentions on a given issue. The decision in question was declared “key” in …

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Credit ratings – fiction or reality? (Part II)

The first part of the article can be found here. The Big Three The three largest official agencies that largely dictate the rules of the market are: Moody's, headquartered in the US, and the company holds a 40% market share. The largest shareholder in Moody's is Warren Buffett's company Berkshire Hathaway Inc; …

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Occupy St.Paul (London)

The movement that is encouraging the occupation of financial centers around the world (which started on Wall Street in New York) has reached where I live – London. The protesters’ tents are pitched in front of St. Paul’s Cathedral, very close to the London Stock Exchange. As someone who identifies as a libertarian, I decided to do a short …

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Credit ratings – fiction or reality? (Part I)

The world has been through all sorts of economic, political, and social turbulence over the past four years. The period has certainly put the status quo and world order to the test, but was it all as spontaneous and unforeseen as it is being said? If we assume that we are in a planned phase of a strategy to centralize global power, then …

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Economic imperatives of political uncertainty*

At this stage in the development of the eurozone debt crisis, it would hardly be an exaggeration to single out the lack of political will at the national and European levels and the institutional immaturity of the union as the main obstacles to making effective decisions to resolve the accumulating problems. Unpopular, but necessary for the return …

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The reform of the apolitical

News of another study often appears in the media, according to the results of which young people are apolitical, work for money, put material things first, and other similar significant observations. In light of the recent turbulent weeks in our country, the current election campaign, and the development of civil society in recent years, such as …

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Travelogues in BDZ

This is a travelogue, the action of which takes place about a week before the start of the strike actions in Bulgarian State Railways. I had to travel with BDZ. I say “had to” because the trip was not planned. If it had been, I would have chosen the bus. The beginning of the story found me at the Central Railway Station in …

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GM society

Stella Zlatkova Some time ago, two materials circulated in the media, which positively indicate signs of some rather alarming trends. The first was published back in 2010 and caused mass discontent among Bulgarian agricultural producers. The second is the information leaked to the recently notorious Wikileaks website regarding the strategy of the Embassy of …

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Monthly Newsletter: November 2011

Expert Club for Economics and Politics | November 2011 In the second edition of the monthly newsletter of EKIP you can find: Europe - too "united in diversity" and not homogeneous enough Why student fees should be increased (Stoyan Panchev) Political imperatives of economic uncertainty (Yavor Aleksiev) Credit ratings - fiction or ...

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Nine questions for December 9th*

There is a well-known saying that shortcuts take the longest. There is hardly a more timely confirmation of this than the events we have witnessed in Europe over the past few months. In their attempts to postpone difficult but inevitable decisions on the future of the monetary union, European leaders have lost valuable time wandering between …

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