Macroeconomic Monitor
Начало / 2015 / юни

2015.06

The Maastricht Failure, vol. 2.0

In the context of the Greek crisis that has been developing over the past few months, one of the key issues is the strict budgetary requirements that the creditors want Athens to comply with. Important for the debate has been the size of Greece's primary budget surplus (i.e. the budget surplus before interest is charged) that would allow it to …

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Effects of quick loan regulations in Bulgaria and the UK

Due to their nature, payday loans are often the subject of public discontent and a good area for intervention by politicians who aim to protect customers. In this article, we will compare the existing regulatory control over this part of consumer finance in the UK and Bulgaria and examine the effects …

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Deposit this!

Recently, the media reported that "the cabinet is analyzing the possibility of introducing a system for buying back plastic bottles in Bulgaria." This is practically the same as with beer bottles - we pay about 0.20 leva more for each plastic bottle and get our money back, but only if we return it. It wouldn't be...

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How far has healthcare reform come?

On June 16, after long debates, the Parliament adopted on second reading some of the amendments to the Health Insurance Act proposed by Minister Moskov. The main points of the amendment are as follows: NHIF will divide the health packages into two - basic and additional, with the basic one including socially significant serious diseases for which …

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BSP, political morality and the impossibility of socialism

June 14, 2015 marks the 2nd anniversary of the start of the protests against Plamen Oresharski’s government. Ironically, something else happened on the same day: “There is such a party!”[1] With this appeal, BSP leader Mihail Mikov addressed the “disheartened” Bulgarians in Kovachevtsi – the birthplace of …

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Casserole a la Tsipras or where to go after Grexit

Among the huge volume of news surrounding the negotiations between Greece and its EU and IMF creditors this week, a more curious one has crept in - the central bank stated in its report on the country's monetary policy that if an agreement is not reached, Athens will embark on a course towards bankruptcy and leaving the eurozone. …

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Requiem for public health

Last Monday it became clear that the Ministry of Health (MOH) has serious intentions to strengthen control over "public health" by introducing sanctions for not going for preventive check-ups: higher health contributions for "offenders". A week before that, Minister Dr. Moskov said that he wants to impose a 10% excise tax on harmful foods and ...

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Child Labor and the Industrial Revolution in England

Lawrence Reid The decade after 1750 saw a huge economic shift in Britain. It was the era of the Industrial Revolution, marked by a colossal number of technical innovations, a huge increase in productivity, a renaissance of world trade, and a rapid increase in urban population. Historians and other analysts have struggled to interpret …

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Tax harmonization in the EU: an extremely dangerous idea

In the last few weeks, there has been a lot of buzz in the European media about the proposal by Angela Merkel and François Hollande to harmonize corporate taxes in the European Union. The specific idea is to introduce a minimum tax rate that all EU member states are required to implement (a detailed plan for this is expected …

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Guest Article: Homeschooling and the Libertarian Initiative (Part Three)

Exchange of experience, evaluation, socialization Like any other initiative in the free market, the methodology of private and home education does not lend itself to strict mathematical analysis. Different schools and families may use different ways to educate children, and the differences may be due to many reasons - from family and ...

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