Macroeconomic Monitor
Начало / Адриан Николов

Adrian Nikolov

Election packages and the impossibility of choosing

I begin this text with an important clarification – I do not vote, I have not voted for a long time and there is no prospect of voting in the near future. In this text I will examine one of the main reasons for this – the party principle of electing the representatives of the people and part of the administration and the policy packages, …

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The refugee crisis as a failure of European policy

The focus of media and politicians in recent weeks and months has been the so-called “refugee crisis” in the EU. Whether they view it as a “wave of Islamization in Europe,” as many on the right do, or as a “humanitarian crisis,” as many on the left interpret the events, most …

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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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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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Why we should fear SYRIZA

Undoubtedly the most important event on the European political scene at the end of January was the decisive victory of the far-left party SYRIZA in the early parliamentary elections in Greece. Although it fell two seats short of an outright majority, the equally extremist (but at the other end of the spectrum) Independents came to the rescue.

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Bank regulations – to the detriment of both companies and consumers

The law is very rarely – or rather, almost never – a reflection of reality. On the contrary – the law is a reflection of the will of the legislator regarding what reality should be. It is for this reason that most attempts to model human behavior with the help of legislation are doomed to failure – …

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The myths of Russian propaganda

The Cold War was much simpler than the conflict with Russia that has been unfolding in recent months, many NATO leaders have acknowledged. This is due to two circumstances – first, the Kremlin chose to wage its new war against the usual rules of engagement, sending soldiers without insignia in support of …

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PISA 2014: Nothing new in Bulgarian education

A year ago, I dedicated an entire study to the various quantitative and qualitative criteria for evaluating secondary education, and the most interesting data and conclusions came from the international representative surveys - PISA, TALIS and PIRSL. The reason for this is mainly the fact that they allow us to compare the product of our educational system with that of ...

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Where are you going, Russia?

In the months since the annexation of the Crimean peninsula, Russia's policy has shifted significantly. The country has been visibly trying to reduce its dependence on Western markets and cushion the economic damage caused by mounting sanctions against key Russian companies and individuals, including companies close to Vladimir Putin's regime from …

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