Nikolay Vassilev: We don’t need credit, we can manage it ourselves

Bulgaria is one of the few European countries that does not need to borrow at this stage, has little debt and can get as many loans as it wants. We do not need alms, we can manage ourselves. Former Economy Minister Nikolay Vassilev told BNT.

In his opinion, however, despite the crisis, now is a good time for the government to apply Enter the waiting room of the euro area.

I am very pleased that, for the twentieth time, the Prime Minister or the Government says that we will apply for membership in the ERM zone, he said.

However, Nikolay Vassilev is waiting now It may not be another good time to talk about the future of our Eurozone application. “The best moment has been every moment in the last 10 to 11 years and today is a better time than in another 10 or 11 years.” However, if this will be the last “yes” to be heard by the ruling, Nikolay Vassilev simply asks a question and doesn’t know the answer.

The rhetoric of talking about the euro area should not be because some money will be distributed in the euro area.

Goranov: one step separates us from the Eurozone waiting room

We are proceeding on a pre-approved plan

In his words Our country should be part of this community where there were more solidarity and support mechanisms. Bulgaria is much more likely to need support, for me the positives are much more, Vassilev said.

When asked if we shouldn’t be concerned about rising prices and inflation as we join the eurozone, Nikolay Vassilev insisted that “there is no time to deal with this problem our whole lives.” There is no evidence that any of the countries enters the euro area. Furthermore, there is also an impending crisis. it is unclear exactly what to expect globally with or without the euro area. I’m not sure what awaits us: inflation or deflation. The latter is already observed in some areas such as fuels, real estate, old cars.

He expressed concern that the economy could long suffer from what is currently happening. It is not sure that it is inflation, with many basic products that we can talk about deflation, explained the economist.

Vasilev also said that he supported size 60/40 from the state to support business. According to him, the proportion was good.

Budget Update – Realities and Alternatives

Peter Iliev considers and leaves the final numbers to decide which is best for the interests of the Treasury, the interests of the individual and the interests of companies in times of crisis.