euro

DEAR LADIES AND GENTLEMEN OF THE PEOPLE'S REPRESENTATIVES, In connection with the upcoming consideration of the petition for organizing a referendum with the question "Do you agree that the Bulgarian lev should be the only official currency in Bulgaria until 2043?" in the parliamentary committee for civic participation, we express the following opinion on behalf of the Expert Club for Economics...

The introduction of the euro usually breaks fiscal discipline, causing government debt to increase. This phenomenon has been observed for a long time, since the very creation of the eurozone in the countries that founded it. Debt burden of a country The ratio of public debt to gross domestic product (GDP) in a country is the most appropriate indicator …

Last week, the economic experts of the Bulgarian National Bank surprisingly joined the Eurosceptic authors of this site. Judging by the working version of the BNB's part of the "Analysis of the Effects of the Introduction of the Single European Currency in the Republic of Bulgaria", the central bank agrees that the adoption of the euro would expose ...

At a parliamentary hearing last week, we witnessed yet another shameful circus regarding the issue of the future of Bulgaria’s currency regime. The Governor of the Bulgarian National Bank, Dimitar Radev, attempted to evade responsibility for providing an analysis of the consequences of Bulgaria’s potential accession to the eurozone. In …

In the context of the already numerous internal conflicts in the ruling coalition, which have been going on for months, another one has been brewing in recent weeks, this time regarding the possible introduction of the euro in Bulgaria from January 2024. At the beginning of the month, Finance Minister Assen Vassilev (from "We Continue the Change") tried to push for the introduction of ...

One currency rules them, it alone will discover them, it alone will gather them all and wrap them in control in the city of Frankfurt, where the Brussels darkness looms. The debate on globalization shifts its focus from the traditional plane of left and right and reorganizes itself under a new dimension, namely national versus …

The transition from a currency board to a conventional monetary policy (the euro, for example) will, all other things being equal, contribute to an increase in the inflation rate in Bulgaria. Not only an initial change in prices as a result of rounding can be expected, but also a permanently accelerated inflation due to the change in the monetary regime. In all countries, …

The debate for or against adopting the euro concerns the fate of the leva as the Bulgarian national currency. From this point of view, it seems logical to support the opinions expressed with arguments from the monetary past. The monetary history of Bulgaria is a matter that does not lend itself easily to a short and meaningful presentation. It …

In the photo: Protest of "Vazrazhdane" against the "Borisov" cabinet Kilograms of salt are piling up in the cleverly beautiful corners of social networks. Anti-vaxxer-fascists will be in the next National Assembly and there, like all other nationalists so far... they will sell passports and overdo it with stimulants. Or maybe not. In fact, even mainstream sociologists already feel that things are ...

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 ...