Writing for @capitalbg.bsky.social on the political consequences of Bulgaria's mid-year 2026 budget - an Excessive Deficit Procedure and a political battle for domestic purposes over the Brussels review of the 2027 budget during presidential elections in the Fall.

Коментар | Наесен с песен: епизодът с проектобюджета за 2027 ще е по-напрегнат

Заради отказа от сериозни реформи сега, фискалната сага ще се развива и на европейско ниво

capital.bg

Всеки момент очаквам в търговските вериги да се завърне прясното мляко в пликче, веднъж на седмица да има и от 'розовото'! И за да е пълна картинката, всички други щандове да се опразнят с изключение на две сухи франзели и няколко депресирани шарана в съмнително-изглеждащия аквариум на рибния щанд.

With great many thanks to the fantastic team at Bruegel who supported this piece coming out!

Bruegel@bruegel.org · 3mo ago

➡️ How to move beyond Europe’s reduced-responsibility model With the favourable external conditions that once supported Europe unlikely to return, what should be next for the EU? 💡 Read the First Glance by Marco Buti, @gcorsetti.bsky.social and @annapeychev.bsky.social 🔗 buff.ly/iUUN2wd #EconSky

Europe isn’t powerless: you’re just looking at it all wrong! The Florence Report - Over a year of research by a multidisciplinary team of 40 experts. A big thank you to all who made this happen! Read here hdl.handle.net/1814/95065

The AG Opinion in Case C-611/24 on How to Get Rid of a Central Banker [the Bulgarian National Bank case against a former deputy governor who now happens to be caretaker prime minister] came out today. In short - it is not as expected!

Writing for Bulgarian ‘Capital’ again, I lay out a handy guide on How to Get Rid of a Central Banker. Spoiler alert: few legal options. www.capital.bg/politika_i_i...

Коментар | Случаят с Андрей Гюров, или как да се отървеш от централен банкер

На Франкфурт и Брюксел им отне 14 години да преборят българския законодател да приведе нормативната уредба за БНБ - основно "политическите" клаузи - във вид, отговарящ на еврозоната

capital.bg

Public announcement for MacBook users with an unhealthy interest in EU law: 🍏 ⚖️ In case you ever need to download some doc off the revamped CJEU Curia website - because why else are you on Curia, anyway? - remember to keep breathing throughout the process and follow the instructions below.

Знаете ли кое му е най-готиното на еврото? Че нито за редовното правителство му пука, нито за редовния бюджет, нито пък за този 🤡.

www.capital.bg/politika_i_i... Нещо мое в Капитал.🥳 Крайно време е да вникнем в 🇪🇺 контекст на националното ни съществуване. Това са ангажименти към самите нас и бъдещето на държавата. Какво следва ако не си оправим сметките с бюджета и как ще се възползваме от дерогацията на разходи за отбрана?

Анализ | Бюджетите 2026 - 2028: Предизвестно обявено безобразие

Рано или късно ще се наложи Брюксел да ни актуализира счетоводството, защото ЕК следи за честното изпълнение на ангажиментите по дерогацията за отбрана

capital.bg

Plovdiv ❤️ democracy (no capital D)

Изсмях се малко 😂

There are no right words to explain this loss. Christian lifted people up, but did not suffer fools gladly. He had faith in you long before you believed in yourself and with his example of never ceasing curiosity and kindness raised generations of academics to do good in the world.

European Law Open@europeanlawopen.bsky.social · last yr.

We're heartbroken at the news of Christian Joerges passing away. Kind, generous, and irrepressibly curious about people and their ideas, his life and work taught so many of us what makes academia worthwhile. Much love and strength to Michelle and the family. Mehr Licht!

The 'Joerges issue' just dropped- Law, Conflict and Transformation. Thank you @annabeckers.bsky.social, @vbogoesky.bsky.social, @stevenklein.bsky.social, @annapeychev.bsky.social, @mariaweimer.bsky.social, and others for brilliance and patience. www.cambridge.org/core/journal...

Bulgaria has made good progress towards economic convergence with the euro area. This paves the way for Bulgaria to adopt the euro as of 1 January 2026 and become the 21st EU Member State to join the euro area, says Chief Economist Philip R. Lane www.ecb.europa.eu/press/other-...

I hear Politico Europe are hiring editors... How about we try 'persevere' and call backsies on the 'centuries' to settle instead for 'decades'?

Elbows up, Canada.

Did we just sum up the future of the EU car industry?

Euractiv@euractiv.com · last yr.

Volkswagen reports record curry sausages sales as car sales plummet

63% по-#благословенисме

New: 'Hidden Fallacies in Corporate Law and Financial Regulation: Reframing the Mainstream Narratives' edited by Saule T Omarova, Alexandra Andhov and Claire A Hill bit.ly/3Ps84bR #CorporateLaw #FinancialLaw

So very happy this piece is out! Christian Joerges - both the man and his scholarship - has meant so much to so many of us. I can only hope to have done his work justice! With many thanks to @vbogoesky.bsky.social, @annabeckers.bsky.social, and @europeanlawopen.bsky.social for making this happen!

European Law Open@europeanlawopen.bsky.social · 2y ago

We just dropped some more contributions to our Joerges symposium: here is @annapeychev.bsky.social on diagonal conflicts in EMU and how to sort them. www.cambridge.org/core/journal...

If we were tweet-ing on Twitter, are we... BS-ing on here?! It's a legitimate question!

Whether celebrating some time off, family traditions, or simply being with your loved ones - best wishes for the season and into the New Year!🍾🎄 As far as 2025 resolutions go, have you considered sharing your ideas abt the EMU at the EUI @eui-eu.bsky.social? Florence really is beautiful in spring.

Is this for real right now? You know how else the increase in sovereign borrowing costs might come about? When you downgrade a country's rating with a pretence there is tangible risk to French sovereign debt. www.ft.com/content/010b...

2/2 List of grievances: ✅ Draft budget = risk to fiscal stability and Maastricht criteria ✅ Insufficient consolidation & support of econ growth ✅ Why not coordinate fiscal & monetary better? ✅ There is a new SGP - Where is the 1.5% deficit resilience safeguard? (Arts 2(4), 8 Reg (EU) 2024/1263)

1 /2 In an unprecedented rxn to the sitting 🦆 caretaker govmt's attempt at a 2025 budget, the Bulgarian Central Bank decided to publicly shame the 🇧🇬Ministry of Finance w/ a grand 9 page opinion, banksplaining EU law - both monetary & econ governance. www.capital.bg/politika_i_i...

БНБ се обяви категорично против приемането на проектобюджета за 2025 г.

Създават се рискове за фискалната устойчивост на страната, застрашава се постигането на целта за приемане на еврото в България. Вижте пълното становище на централната банка

capital.bg

Finally! The right question during 🇪🇺 Parliament Monetary Dialogue! If 🇫🇷 govmt falls and budget isn't passed - would the ECB still consider the conditions for TPI met? Lagarde: 'No comment on specific MS. Constituinally, old budget extended. On sovereign bonds - read ESRB Report later today.'

Christine Lagarde for the win during EP Monetary Dialogue: 'having a fiscal union would certainly be an improvement.' 😀❤️

Asked abt France, markets, and using the TPI during the European Parliament ECON Committee Monetary Dialogue, ECB President Lagarde: 'We have a mandate and we have instruments at the discretion of the Governing Council. Ecco! Et voilà!' Will another MEP try their luck?

*The* most important question about possible market fallout from events in Paris in the coming days - Do 🇫🇷 country-specific fundamentals warrant further deterioration in financing conditions? www.ecb.europa.eu/press/pr/dat...

The Transmission Protection Instrument

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...

ecb.europa.eu

Do you lose sleep over the future of the Economic and Monetary Union? Do you know what's wrong with it? Have you any idea how to fix it? Might you have a working paper on the matter? Then we want to hear from you! Submit proposals & come share your ideas for the EUI Schuman Centre EMU Lab!