ERM-2

Last week, we thoroughly refuted Prime Minister Borisov's claims about the alleged "benefits" of joining the ERM-II currency mechanism in the current crisis. Now we turn our attention to the other side of the coin - the potential risk that we would take if we joined the currency mechanism. The biggest risk is related to the banking system and is ...

In the last few weeks, the positions of the government, especially in the quasi-single-man rule of Prime Minister Borisov, have been more volatile than the weather. After in February he wisely abandoned the rush to join the so-called "waiting room" of the eurozone - the ERM-II exchange rate mechanism - Borisov turned 180 degrees and a few days ago ...