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italy

The article first published in americanthinker.com on 06/05/2017. At the time Italy joined the European Monetary Union (EMU) in 1999 on its way to full-fledged membership in the eurozone in January 2002, economists debated whether this never-tried-before experiment will succeed or not. One of the most compelling debates at the time was between two giants of monetary thought, Robert Mundell and Milton Friedman. Mundell, who is occasionally referred to as the ‘father of the euro’, for having laid out the theoretical foundations of a common currency, was optimistic, Friedman, the opposite.   Friedman is now dead while Mundell is 85, but the events in Italy may be bringing us closer to a resolution of the argument. So it is worth remembering the key points made by the two luminaries. Mundell, of course, pointed out the

Views:5036
velikden rusia

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theresa may

  A quick snap analysis on the likely outcome of the UK’s National Security Council meeting, presided by British PM Theresa May, today regarding sanctions on Russia, leads to grim conclusion and more than a wartime rhetoric. This is probably the most evident proof of the weakened geopolitical posture of Britain following the Brexit. While NATO’s coordinated response – Britain can still invoke article 5 – is still the first and preferred option – EU’s coordination is essential as effective responses lie beyond the military spectrum – in what hurts Putin most – money and image.   A boycott of the Moscow World Cup seems almost inevitable. I can’t simply see England’s team playing soccer at the Luzhniki pretending business is as usual. If they leave – other’s will follow

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stalin putin

  He, who speaks of Russia as a threat to Bulgaria is a complete idiot Alexander Dugin   Relations between Bulgaria and Russia go beyond the format of standard bilateral relations. The Kremlin rarely relies on the services of its embassy in Sofia or its diplomacy in order to realize its plans, as it has at its disposal sufficient local alternatives in Bulgarian proxies – parties, organizations and politicians.   As Russian opposition politician, Boris Nemtsov’s partner and Alexei Navalny’s adviser, Vladimir Milov, said: “Putin wants to colonize you and your elite helps him.” Succinct and clear.   A detailed debate on the “Russian threat”, which appeared as a standard text in a report by the Bulgarian secret services, never happened. “The Sound Forces”, including the defense minister (!?), promised

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2.	Популярният режисьор Кирил Серебренников, който сега е под домашен арест, на 23 август т.г. беше поставен зад желязна решетка. В момента тече международна петиция за освобождаването му.

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Снимка: bsp-sevlievo.com

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piontkovskij

              “In Ukraine, even with a delay and the high price paid, a dangerous deathly expansion of Western alliances has been stopped. From a quasi-Weimar state on the defensive, Russia has now gone back to its familiar role as a victorious country, back to a new self-confidence.“ Karaganov, a Eurasian thinker with an additional chromosome instead of a brain fold.   For over twenty years I have been trying to explain to the delusional Russian political class some realities that I believe to be quite obvious to any normal human being. I persist in this hopeless mission, because this serious illness affecting the “nation’s brains” is leading my country to inevitable disaster.   The most important obsession of Russian foreign policy discourse is a

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europa

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epa04221840 (FILE) A file photo dated 28 January 2014 of President of Russia Vladimir Putin attending a news conference at the end of a EU Russia Summit at the European Council headquarters in Brussels, Belgium, where he was meeting with top European Union officials. European Union officials have been preparing three scenarios for economic sanctions against Russia, from low-intensity measures affecting items such as luxury goods, to a ban on oil and gas imports, according to a document seen by German news agency dpa. During recent weeks, the European Commission in consultation with member states, reportedly has been preparing a three-stage list of possible economic sanctions if Russia continues to destabilize its western neighbour Ukraine. The issue could come up again when EU leaders meet on 27 May 2014 to consider their response to the 25 May elections in Ukraine.  EPA/OLIVIER HOSLET

  While most observers kept looking for the detectable part of Russia’s new military hardware potential beyond its borders, tracking every move of the obsolete aircraft carrier Admiral Kuznetzov, the Kremlin amassed a loosely bound yet concise and sizeable cyber warfare force, which was operatively privately, yet under Russian government control, both at home and in the West. It was capable of penetrating institutions, political parties, key public infrastructure, business, media and data centers – critical during election time in opinion and policy shaping and making.   Although a substantial chunk of the direct cyber-attacks is known to have been the work of Russia-based hackers, the kernel of the psychological operations (psyops), although conceived in Moscow has spread to remote places – Canada, the US, UK and key EU states,

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ktb

  It is commendable that membership in the Eurozone has become an immediate task for this government – including joining the interim ERM2. But the decision-makers at the top fail to look critically at key system features of the Bulgarian banking system. They prefer to focus on the technical criteria without assessing the level and depth of the challenges ahead before the convergence of the Bulgarian banking system into the Euro area.   Against this backdrop of events around the CCB crisis, how serious and credible is the institutional capacity in the central bank to tackle the banking and financial problems before reverting them to the Eurozone? The BNB oversees and guarantees the health of the banking system, at least in theory. Yet at the same time, two presidents, one