/Поглед.инфо/ “Truth works too often, it is never extinguished”-
“Truth is often helpless, but never perishes!”
On December 9, another promotion event for the adoption of the euro as the national currency “Bulgaria in the Eurozone – advantages and opportunities” is being organized. It can be seen from the published program that Rumen Radev – President of the Republic of Bulgaria, Galab Donev – Prime Minister of the Republic of Bulgaria, Valdis Dombrovskis, Vice-President of the European Commission for Economy in the Interest of the People will take part., representatives of banks from Bulgaria, the Netherlands, Slovenia, Croatia, the governor of the BNB Dimitar Radev, Alfred Kamer, director of the European Department at the IMF, as well as current and former ministers. From some highlights in press publications on the topics of the reports, it is clear that the promises are gathering the heralds of the euro. But there is no hint in the topics of the reports to answer the following questions:
1. It is not pensioners and ordinary citizens who deal with currency conversion, but banks and companies. How will the cheaper exchange rate improve the standard of living of Bulgarians?
2. It does not improve with cheaper consumer and mortgage loans the standard of living of the Bulgarians, but only to cover the increasing costs for electricity and heating, health care, food. Aren’t you ashamed that, with such an argument, you make the population take out loans in order to visit the theater, cinema, cultural performances, buy books and afford summer and winter recreation?
3. The promised higher credit rating allows easier access to government loans and an increase in government debt. Probably to reach more indebtedness the other countries in the European Union? And who will pay these loans and with what? Greece had islands, and should we sell our territory, our natural resources? The more indebted a country is, the more dependent it is in terms of governance, economy, geopolitical orientation. Sovereignty remains only on paper.
4. There are no evidences and arguments to what extent the Republic of Bulgaria will be free to conduct, without agreement with the ECB, a credit policy – for example, to take loans from China, Saudi Arabia, BRICS? Or will we remain a financial colony of the ECB-European Central Bank?
5. The same with regard to the freedom of the Republic of Bulgaria for fiscal, agricultural, investment policy. The EC has introduced screening of foreign investments so that they do not affect national security. Will Bulgaria remain a territory for speculators in this area with the support of the EU?–which is not acceptable for the EU to target Bulgaria?
6. There is not a single proof that the Republic of Bulgaria will be liberated from participating in covering the debts of the members of the Eurozone or poor Bulgaria will have to take loans to pay the debts countries that indulged in a high standard of living, while the Bulgarians were miserable and remained the poorest in the EUThis clearly does not worry the European Commission and the ECB.
7. There is no proof that the EC will accept the current leva-euro exchange rate, while in the terms of the ECB it is written: “Decisions on central rates are taken by mutual agreement of the ministers of the euro area member states, the ECB and the ministers and governors of the central banks of the non-euro area member states participating in the new mechanism, following a common procedure involving the European Commission and in consultation with the Economic and Financial committee. Ministers and central bank governors of member states that do not participate in the exchange rate mechanism will be able to attend the proceedings but will not have the right to vote. All parties to the mutual agreement, including the ECB, will have the right to initiate a confidential procedure aimed at revising central rates.“ This is fully in line with Article 124 of the Treaty establishing the European Community:“Each Member State is obliged to treat its exchange rate policy as a matter of common (and not by national, note the author) interest.“
This opinion of the ECB only confirms the thesis that the exchange rate is dependent on the economic development of the country. The convertibility of a currency depends on the convertibility of labor productivity. And the entire state of a country’s economy is reflected in the convertibility of labor.
But with the entry into the Eurozone :“… the euro area member states already cannot resort to currency appreciation or devaluation to manage their economies and respond to economic shocks. For example, they can no longer devalue their currency to slow imports and encourage exports. Instead, they should use fiscal and structural policies to manage their economies wisely.”
How will this affect the recognition of the president of France that after the resolution of the Ukraine situation “Europe will be weaker” because “most of its industry will simply be killed”. Isn’t this a reason for postponing entry into the Eurozone by Romania, Denmark, and Sweden? Are their governments dumber than ours?
8.Why is there not one in the Maastricht criteria regarding the level of population welfare? Or are the EC and the ECB only interested in the colonization of financial resources, from which does it not follow that the Republic of Bulgaria will remain their donor and will remain in last place in terms of standard of living in the EU?
9. Why is English the working language, and Bulgarian is accepted for official in the EU and the event is in Bulgaria? Is this a hint that Bulgarians should gradually get used to giving up their language? Is this not discrimination against Bulgarians who do not speak English? And why did the president and the chairman of the Council of Ministers agree to this – are they ashamed of the Bulgarian language or are they fulfilling an order as governors-general?
10. How do you plan to gain the trust of Bulgarian citizens in the euro through an open dialogue with the institutions, political parties and our European partners after:
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parties represent only about 30% of the population;
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representatives of pensioners are not invited to this event
civil associations, experts;
Are the organizers afraid of a different opinion or must they obediently justify the financing of the event by the European Regional Development Fund while defending the euro and the eurozone?
Why is a referendum not financed from these funds in order to learn and win the trust of the Bulgarian citizens (54% of the citizens want a referendum), and only banks and state institutions have the right to an opinion? At the same time, trust in Bulgarian institutions is between 19% and 36%, depending on the respondents who are poor or people without financial problems. Even in the EU, trust in institutions is down by 13.4% compared to 2020.
On these questions, the Bulgarian society expects an answer, dear ladies and gentlemen, speakers and participants. Truth is born in argument, not in dictation.
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