The government's job is to protect vulnerable groups. On the other hand, extinguishing inflation with state money is like putting out a fire with gasoline. That is, throwing additional money from the state budget at the population will cause an additional increase in prices. I think this is a populist move with a pre-election purpose, which surprised me. This was stated by economist Nikola Yankov in the program “Face to Face” on bTV, quoted by novini.bg.
According to him, there are also populists in Spain and Greece.
“This is the tragedy of Europe. The current price shock that is coming is not caused by the Gulf War, it is caused by the strategic blindness and feeble-mindedness of the EU over the past 15 years, which has replaced the priorities of national and economic security and independence with ideology and regulation,” he explained.
"We, as part of the EU, have closed our coal and nuclear power plants, while China and India have built a larger volume of coal and nuclear power plants in the same time. I suppose there are no idiots who think that the carbon dioxide that comes out of Chinese power plants stays in China. However, there are apparently some in the EC, because the result is what we have now – Europe is dependent on external shocks, which appear at any moment”, said the economist.
According to him, completely different measures should be taken and a 180-degree turn should be made. “Political parties should state their position on the issue of coal-fired power plants. This is of strategic importance for Bulgaria. The Bulgarian government should take several measures: First - to demand a moratorium on carbon taxes in the EU, second - to demand a temporary reduction of the mandatory 90-day oil reserves to 30 days. And in the medium term, to completely eliminate the EU's climate neutrality goals by 2050 and to completely eliminate the carbon tax system”, Yankov suggested.