Over the past two weeks, Mark Zuckerberg has faced a fair amount of ridicule for his announced rebranding of Facebook into a new company called “Meta Platforms Incorporated.” The goal is to unify all the activities of the various businesses that are part of the Facebook group. In addition to Facebook itself, this includes other social …
More »The government's shameless propaganda on the euro issue
In the photo: Ivaylo Hristov, Deputy Minister of Finance Last week, at the two-day banking and financial forum of Manager magazine, another propaganda "discussion" was held regarding the pros and cons of Bulgaria joining the eurozone. I call it propaganda because this is another "discussion" in which only ministers, employers ...
More »How effective are Covid-19 vaccines in the UK?
The imposition of green certificates requiring vaccination for admission to certain public places has caused a severe division in Bulgarian society. For better or worse, the entire conversation “for” or “against” restrictive measures against the unvaccinated revolves precisely around the question in the title, which unfortunately is not put into a sufficiently detailed context by …
More »The Banking Union – not salvation, but a trap for Bulgarian taxpayers
October 1 marked exactly one year since Bulgaria officially joined the EU Banking Union. The accession was accompanied by great fanfare from public experts, politicians, and of course the government of Boyko Borissov himself, who in April 2020 announced Bulgaria’s accession to the ERM-II exchange rate mechanism and the Banking Union …
More »One year of Bulgaria in the Banking Union - risks and opportunities
The Banking Union creates incentives for decapitalization and destabilization of our banking system. The Banking Union would most likely not help restructure local banks. Bulgaria no longer has its own bank resolution fund. In such a situation, the cost of bank bankruptcies falls through the budget onto Bulgarian taxpayers. On October 1, 2020…
More »Bulgaria OUTSIDE the Eurozone: between misconceptions and facts
About a month ago, the Bulgarian online media outlet “Factcheck.bg” published an article with the following title: “Bulgaria in the Eurozone: Between Misconceptions and Facts”. Under the guise of combating disinformation, the author of the article, Yordan Barzakov, claims to be debunking “myths” about the “negatives of eurozone membership”. The introductory paragraph of the text is eloquent: “The closer it gets …
More »Why the eurozone isn't working
Amidst the enthusiasm for the investigation into the irregularities of the previous administration, the caretaker government of Stefan Yanev has approved a plan for Bulgaria to join the eurozone. This is a puzzling move, because this plan is largely inherited from the previous government, whose abuses in other areas the current caretaker cabinet appointed by …
More »Tsvetelina Yaneva, retrowave and futurism
Let's talk about culture on Good Friday. Specifically, about Tsvetelina Yaneva, the retrowave aesthetic and the lost futurism of contemporary mass culture. Keep reading if you want to find out what Tsvetelina Yaneva and Elon Musk have in common. Do you listen to Tsvetelina Yaneva, ladies and gentlemen? And do you watch her music videos? …
More »Borisov mocks the trust of his own voters
On Sunday, all of Bulgaria woke up to another peculiar address by the outgoing Prime Minister Boyko Borisov. Thank God, this time it was not from the notorious jeep, but took place in the form of a formal press conference. At it, Borisov responded to the demands of the new parliament to appear and present the National …
More »The reflection of the ideas of the EKIP in the programs of the new parties
The Saturday immediately before election Sunday is usually marked as a “day of reflection.” But the Monday immediately after it is perhaps an even more important day of reflection. It is the day when, reviewing the election results, we can outline the ideological color of the new parliament in view of the political formations that have succeeded …
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