On Monday, the third issue of the Legal Barometer (a civil initiative for periodic monitoring, analysis and assessment of the state and development of the legal order in Bulgaria) was presented. The project is implemented by the Center for Legal Initiatives Association with the support of the America for Bulgaria Foundation. After a year and a half of systematic monitoring and analysis …

The rising wave of credit rating revisions of a number of European countries and financial institutions has sparked heated debates about the objectivity and reliability of credit ratings as a tool for guiding investment policy and determining solvency. Somewhat paradoxically, credit rating agencies are currently being criticized for doing this, for …

Before the global financial crisis, the spread between German bond yields and those of other eurozone countries was relatively narrow and constant. The very membership of the countries in the monetary union was seen as a guarantee of their stability and solvency, which for a long time distorted the markets' perceptions of individual sovereign …

Borislav Shterev | Yavor Aleksiev Two weeks ago, Palestine was admitted to UNESCO as an official member - a recognition that put it on an equal footing with all sovereign states. This act, although it does not have the same force as official recognition by the international community (in the person of the UN) and does not …

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 …

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 …

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 …