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Kovacheva, Ralitsa

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4 articles of this author have been cited in the European Press Review so far.

Blog euinside - Bulgaria | 08/05/2012

Time is running out

Greece has no time to lose now because its creditors are at the end of their tether, warns the web portal euinside: "Tsipras has two days to build a majority, but even with the support of the socialists, the communists and the democratic Left he won't be able to achieve this. Then the mandate goes to the Pasok party, which in all likelihood will also fail. … The most likely consequence is fresh elections with an entirely unforeseeable outcome. But wasting time is the last thing Greece can afford to do in its present situation. The reaction of the financial markets makes this clear. For two years now the country has been hanging on from one tranche to the next. But the times when credit was given out of pity without the conditions being fulfilled are over. The deal now is: first cut spending and push through reforms and then you get the money. If the next tranche isn't paid out, the citizens of Greece must be prepared to pay the consequences of their vote."

Blog euinside - Bulgaria | 21/02/2012

Greece lies in coma

At best, the 130-billion-euro EU bailout package will put insolvent Greece in an induced coma, the online portal euinside writes: "Imagine a patient who needs a lifesaving surgery. Everyone is aware that even if the operation is successful the best the patient can hope for is to remain on mechanical ventilation. However, still alive. Something like that has happened to Greece in the last 24 hours. After a 14-hour 'operation' the machine is turned on and the patient is breathing, though entirely dependent on another's will. The optimistic scenario is that the patient will start breathing on his own in two years and in eight years he will be able to walk. Nobody was ready to discuss the pessimistic scenario after the exhausting night. EU Economic and Monetary Affairs Commissioner Olli Rehn looked tired but relieved, and made the best description of the situation: "In the past two years and again this night I have learned that marathon is indeed a Greek word.'"

Blog euinside - Bulgaria | 20/12/2011

Bulgaria doesn't want to save euro

Bulgaria's Finance Minister Simeon Dyankov announced that the country would not participate in the IMF euro bailout fund on Monday, saying he didn't see why a poor country that had exercised budgetary discipline should help debt-stricken states. The web portal euinside accuses the government of lacking solidarity: "The Bulgarian position is a reflection not just of its empty coffers but also the government's lacking sense of connection to anything to do with Europe and the EU apart from EU funding. If the ruling party Gerb adopts a position at a European level then only under orders from the headquarters of the [conservative] European People's Party. The Bulgarian public is presented with cheap populist and anti-European theories that are supposed to appeal to the pensioners and jobless. ... Saving tax money is exemplary but what about the Bulgarian companies that work in the Eurozone? And are tax revenues really being saved? What's better: to transfer money to the IMF for rescuing the euro or funnel it into the bulging coffers of the police?"

Blog euinside - Bulgaria | 03/02/2011

Pay the piper, call the tune

With their pact for competitiveness Germany and France are bringing their political clout to bear in the Eurozone while the role of the EU Commission remains unclear, the online portal euinside comments: "It would be shrewd, outrageous and totally in keeping with the spirit of the Deauville deal if Merkel and Sarkozy managed to force Barroso to give his personal backing for the adoption of the pact, as already happened with the changes to the EU treaty. ... But he who pays calls the tune, and no one has a greater interest in having the Germans on their side that the member states. For its part the Commission wants the rapid expansion of the rescue fund for the Eurozone. From this point of view no one can afford to cross Berlin in the present situation."

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