euro

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…

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 …

My position against the adoption of the euro and the corresponding national plan is based on the following main arguments. 1. Keeping the national currency does not mean a worse economy. Sweden is a good example of this. - Sweden's economic growth since 2003 has been between 1.5% and 3%, i.e. higher than that of the eurozone. …

OPINION From: Expert Club for Economics and Politics (EKIP) Subject: Draft National Plan for the Introduction of the Euro in the Republic of Bulgaria DEAR LADIES AND GENTLEMEN, In connection with the published draft National Plan for the Introduction of the Euro in the Republic of Bulgaria (Plan), we express the following opinion on behalf of the Expert Club …

Stoyan Panchev's interview with Trud newspaper: The early parliamentary elections were marked by low interest and minimal surprises in the results. No party won outright. No potential coalition was given enough room for action. Slavi Trifonov's party presented a draft cabinet, thus leaving potential partners …

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 …

Author: Stefan Antonov On July 10 (the day before the elections) it will be one year since Bulgaria and Croatia were admitted to the waiting room of the eurozone and the banking union. GERB's decision to push in this direction became a fact despite legitimate and well-founded concerns that the state was taking unacceptable risks. The period since its …

On 22.06.2021, the EQUIP sent a letter addressed to the President, the Prime Minister, the Minister of Finance and the Minister of Economy. Addressing President Radev directly, we called for a careful assessment of the potential risks for Bulgaria related to the possible accession to the eurozone. To this day, institutions such as the Ministry of Finance …

EKIP: Dear readers, we present to your attention an extremely valuable analysis of the "Theory of the Optimal Currency Area" and Italy's experience in introducing the euro. There are many useful things that can be learned from the experience of other countries in joining the eurozone, from which Bulgaria should learn a lesson. On …

After the shockingly good performance of There Is Such a People in the last elections, the Socialist Party is licking its wounds in third place and is clearly looking for a way to focus voters' attention on itself. The series of proposed left-wing bills in recent weeks are a demonstration of this aspiration...