In a world where market signals are confused, central banks – extremely dependent on macroeconomic indicators, reforms, savings and investments with their own capital – are left on the back burner, and economies are so fragile in the face of unpredictable events, it is interesting to go back to basics and analyze through the eyes of economic laws and …
More »Government hunger for harmful taxes and foreign money
Something has changed in the last year. No, it's not like we no longer hear about all the wonderful projects being built with the European Union's cohesion money – the political vocabulary is still full of highways, stadiums, halls and ribbons – but recently other words have been joining them. And …
More »Will the Fed start a new financial crisis?
As September approaches, market participants are increasingly anxiously awaiting the Federal Reserve's (FED) decision on the key interest rate in the United States. Will the world's most influential central bank raise the key interest rate, which has been in the range of 0.0-0.25% since late 2008? How will this affect …
More »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. …
More »What do we mean by increasing the volume of public spending?
In March, Bulgaria placed three Eurobond issues on international markets for a total value of around EUR 3.1 billion. The issues were considered successful given the good yield achieved compared to the 10-year Eurobonds issued in the summer of 2014 for EUR 1.5 billion. Although the country’s need to exit …
More »What will the ECB's monetary socialism lead to?
On March 9, the European Central Bank (ECB) launched its expanded asset purchase program, which was officially announced at the end of January at the central bank’s first board meeting of the year. With the expansion of the program’s scope and volume, the ECB will aim to buy 44 …
More »The weak defense of the new government debt
About 10 days ago, it became clear to the general public that the government would issue new external debt worth 8.1 billion euros (16 billion leva) in the form of bonds within the period 2015-2017. This news polarized commentators and the public into two camps: defenders of the debt (mainly "right-wing" analysts and ...
More »The irresponsible populism of free sanitation
At the end of last year, GERB announced its intention to initiate a program for free renovation of EPK blocks with more than 36 apartments. Today, a few months later, despite the obvious problems and the lack of quality planning, the program is a fact and is already in its initial stage. For a large part of the citizens, …
More »How a Greek bankruptcy could still lead to the collapse of the EU
Frank Hollenbeck Greece is back in the headlines. This should come as no surprise to anyone. It would be naive to think that the Greeks would accept to remain in debt forever. Despite all the rumors that Greece will be forced to leave the eurozone, there is actually no such mechanism through which the member states of the European Union (EU) …
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EKIP– Expert Club for Economics and Politics A Different Opinion