Two days ago it became clear that the European Commission is proposing a new bridge loan for Greece. The idea is that our southern neighbor will receive 7 billion euros, maturing in 3 months, with the money to cover the repayment of its debts to the IMF (3.6 billion euros) and the European …

Ivo Kolarov "It is impossible to understand the history of economic thought if we do not pay attention to the fact that economics as such is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. For them, he always remains a troublemaker, and the more convinced they are...

Russell Lamberti It is considered politically incorrect these days to criticize culture, but whether it uses euros or drachmas, whether it is in the European Union or not, Greece needs to somehow correct its cultural dysfunction. I am not talking about the customs of the people of the country, about their traditions, about the architecture, …

Five years after the start of the debt crisis in Europe, which was triggered by the global financial crisis, which later turned into an economic one, Greece is once again at the center of debates about the future of the European Monetary Union. Unlike in 2010-2012, however, the main attention is now paid to Greece, due to the fact that the other …

Frank Shostak In his article “The Big Meh,” Paul Krugman laments that despite all the advances in information technology, its effect on economic growth has so far been negligible. He writes: “The entire digital era, now more than four decades old, seems like a disappointment. New technologies have led to great discoveries, but …

Over the past few years, many governments around the world, along with central and private banks, have been gradually trying to minimize or completely eliminate cash payments. The idea is to make all types of transfers and commercial transactions via banking and/or digital channels as soon as possible. In order to …

David Shellenberger If your eyes are open and you see the truth, then you know that freedom means having no master. You know that democracy is not a goal, because it is simply a form of government. You know that constitutional government is simply government, and the constitution does not really limit it. You know that politics …

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 …

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 …

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...