Въпросът за връзката между инфлацията и членството в еврозоната засили актуалността си през лятото след публикуването на Конвергентния доклад и официалните решения за присъединяване на България към еврозоната. Българските граждани са разтревожени от ускореното нарастване на цените в процеса на смяната на българския лев с евро и премахването на валутния …
More »Open letter: Why Bulgaria should not adopt the euro in 2026
OPEN LETTER to halt the flawed and undemocratic process of euro adoption in Bulgaria in view of significant risks Whereas we believe that the European Union stands by the values of democracy and the principles of cooperation among sovereign members and subsidiarity in decision-making, we call for halting the current …
More »Factory on September 9th and Euro on January 1st
Author: Vladislav Apostolov Year 2045. Elon Musk's seventeenth son is heading to Mars to attend the opening of the largest and most powerful computing center in the solar system. The flight is from the spaceport in Greenland, and during the trip the boy will watch the first film of this decade, made …
More »Andrey Gyurov questions the political independence of the BNB
The case of the leaked video recording, which shows how the deputy governor of the Bulgarian National Bank, who heads the “Issue” department, plays a leading role in opening the election campaign of a mayoral candidate nominated by “Continuing Change”, is not just another gaffe in our public space. Even secondary questions are questions such as – did he travel in a company car …
More »The structural tragedy of the eurozone
|Full text of the analysis| |Official video presentation of the analysis| The eurozone suffers from deep structural problems that are hampering economic growth and leading to the accumulation of imbalances between member states, our new analysis shows. The common European currency is failing to achieve its main goals – ensuring faster growth and convergence in …
More »Opinion on holding a referendum on joining the eurozone
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...
More »How the euro increases government debt
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 …
More »BNB experts warn of the same risks from the euro as the EKIP
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 ...
More »Who is afraid of an expert debate about the euro?
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 …
More »With the plan to adopt the euro, the government is putting the cart before the horse
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 ...
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EKIP– Expert Club for Economics and Politics A Different Opinion