How Much Further Can the Fiscal Reserve Shrink?
The latest data shows that the fiscal reserve has shrunk to 4.683 billion lv. at the end of April. Recently, the minister of finance claimed that there has been a slight increase to around 5 billion lv. It is obvious that the fiscal reserve has shrunk by more than 60% since its 12 billion lv. peak in October 2008. This downward tendency has been in motion since the end of 2008.
Riots and Social Benefits
What is happening in London and other British cities is yet to be taken under consideration. So far, nobody pays attention to the unintended consequences, resulting from the social framework in the UK...
Employment and Wages
Recently the National Statistical Institute published data on the employed and the average wage in the second quarter of the year. In comparison with the same period last year the employed in the second quarter of 2011 decreased with 29 thousands or 1.3%, as the reduction continues to be in the sectors, affected most seriously by the crisis...
IME Summer Seminar “Europe & Liberty” (Troyan, 2011)
The seminar gathered 30 students from various countries: Macedonia, Ukraine, Belarus, Poland, Israel, Italy, Denmark, Brazil and Bulgaria. Lecturers were Pierre Garello (France), Gregory Rehmke (USA), Douglas Rassmussen (USA) and Carlo Lottieri (Italy). Krassen Stanchev also attended as a guest speaker.