HomePortalLatest imagesRegisterLog in

altText
altText
altText
altText
altText
altText

Share
 

 It's a trap

View previous topic View next topic Go down 
AuthorMessage
GeshiSimon
Senior user
Senior user
GeshiSimon

Posts : 174
Join date : 2016-07-18
Age : 58
Location : near Tervel

It's a trap Empty
PostSubject: It's a trap   It's a trap Icon_minitimeFri Mar 31, 2017 3:26 pm

It's a trap, don't fall for it Bulgaria

[You must be registered and logged in to see this link.]
Back to top Go down
justbazz
Super user
Super user
justbazz

Posts : 1127
Join date : 2015-07-16
Age : 75
Location : Plovdiv

It's a trap Empty
PostSubject: subject   It's a trap Icon_minitimeFri Mar 31, 2017 3:51 pm

I avoid Euros like the plague...not too sure why Bulgaria even bothers with them.
Back to top Go down
GeshiSimon
Senior user
Senior user
GeshiSimon

Posts : 174
Join date : 2016-07-18
Age : 58
Location : near Tervel

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeFri Mar 31, 2017 4:06 pm

justbazz wrote:
I avoid Euros like the plague...not too sure why Bulgaria even bothers with them.

I lived in Germany for about 8 years and he greatest complaint about the Euro was the increase of the cost of living when it was introduced. the only reason that Bulgaria is "pegged" to the Euro is that formerly it was  "pegged" to the Deutschmark and when Germany entered the Euro currency zone Bulgaria followed suit by being "pegged" to the Euro. I may be mistaken on this and often am, but how many nations in the EU use cyrillic script? If only one, Bulgaria, then why put it on the Euro when this countries currency is Lev. Why not Chinese also?
Back to top Go down
justbazz
Super user
Super user
justbazz

Posts : 1127
Join date : 2015-07-16
Age : 75
Location : Plovdiv

It's a trap Empty
PostSubject: subject   It's a trap Icon_minitimeFri Mar 31, 2017 5:27 pm

My thoughts exactly Simon...BG is pegged to the Euro, but unless you are a high flyer, it doesn't really mean much. The average person here doesn't play in the currency market, nor do they make many purchases outside of the country...they recognise and are quite comfortable with their very own Lev.

As an aside...my personal financial situation is firmly connected between the Lev and the Oz dollar...I move money when the climate is healthy...if the exchange rate is unfavourable, I skimp until the rate improves and usually pays off in the long run.

Euros?...Bulgarians have a rather unsavoury word, in Cyrillic, which matches my view of that currency!
Back to top Go down
oddball
Moderator
Moderator
oddball

Posts : 7312
Join date : 2009-10-20
Age : 65

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeFri Mar 31, 2017 8:21 pm

Why use Cyrillic script?
Back to top Go down
Blink
Super user
Super user
Blink

Posts : 909
Join date : 2010-02-11

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeSat Apr 01, 2017 8:21 am

Avoid avoid Bulgaria
Back to top Go down
bulgariabill
Super user
Super user
bulgariabill

Posts : 317
Join date : 2009-12-27

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeSat Apr 01, 2017 9:35 am

Quote :
Why use Cyrillic script?

Probably in preparation for this ???

[You must be registered and logged in to see this link.]

Beemmeup

Bill
Back to top Go down
willowsend
Mega user
Mega user
willowsend

Posts : 2271
Join date : 2009-11-10
Age : 84
Location : Dobrich

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeSat Apr 01, 2017 10:42 am

Polls have shown a slim majority of Bulgarians in favour of the country joining the euro zone, though public opinion in favour of the move showed a notable downturn in favourable opinion about euro zone accession in the wake of the Greek crises of recent years

Would this be good news for non Bulgarians

I have another question relating to the voting day. Why is alcohol banned on that day, as one Bulgarian said to me, it shouldn't affect us as we are not Bulgarian and we are not involved with the voting  c
Back to top Go down
varnagirl
Super user
Super user
varnagirl

Posts : 1196
Join date : 2009-10-24

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeSat Apr 01, 2017 11:33 am

[quote="bulgariabill"]
Quote :


[You must be registered and logged in to see this link.]

Beemmeup

Bill

could do without news like that
between Bg getting the Euro as currency and Brexit... we are basically F**ed !
imho
Back to top Go down
oddball
Moderator
Moderator
oddball

Posts : 7312
Join date : 2009-10-20
Age : 65

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeSat Apr 01, 2017 1:50 pm

varnagirl wrote:
bulgariabill wrote:
Quote :


[You must be registered and logged in to see this link.]

Beemmeup

Bill

could do without news like that
between Bg getting the Euro as currency and Brexit... we are basically F**ed !
imho

If BG is getting the Euro currency than we might as well go back to the UK It's a trap 927475117
Back to top Go down
willowsend
Mega user
Mega user
willowsend

Posts : 2271
Join date : 2009-11-10
Age : 84
Location : Dobrich

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeSat Apr 01, 2017 11:04 pm

The father of Bulgaria's currency board has warned against scrapping the regime as it gives the country "a big prestige", being the only sphere of governance that remains untarnished. Prof Steve Hanke has told Bloomber TV Bulgaria that the currency board helps the country retain its fiscal sovereignty, a dangerous step against the backdrop of a tense political environment. No-one knows what will happen to the Eurozone from this moment on, especially given the presidential election due in France this spring and the risk of Brexit-style developments, Hanke has warned. In his words, the currency board allows one to issue their own currency which acts as a clone to an "anchor" (or "reserve") currency. The arrangement helped do away with hyperinflation back in 1997, he has recalled. Steve Hanke, now a Professor of Applied Economics at The Johns Hopkins University in Baltimore, US, advised President Petar Stoyanov in 1997 on the introduction of the mechanism. The currency board mechanism pegs the lev to the euro at a fixed exchange rate and ties the level of levs in circulation to the level of foreign exchange reserves. His comments follow indications that Bulgaria's interim government is ready to seek accession into the ERM II mechanism, the so-called Eurozone "waiting room". The move would effectively place an end to the currency board arrangement applied to the lev, passing on fiscal authority to the European Central Bank. During a visit to Bulgaria in May 2015, Hanke claimed Bulgaria had been an informal part of the Eurozone through its lev/euro peg and there was no need to take further steps which would result in a catastrophe. - See more at: [You must be registered and logged in to see this link.]
Back to top Go down
Daisy
Super user
Super user
Daisy

Posts : 1121
Join date : 2010-02-11

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeSun Apr 09, 2017 10:30 pm

I sincerely hope that Bulgaria doesn't join up for the Euro it will become so expensive to live here. s
Back to top Go down
justbazz
Super user
Super user
justbazz

Posts : 1127
Join date : 2015-07-16
Age : 75
Location : Plovdiv

It's a trap Empty
PostSubject: subject   It's a trap Icon_minitimeMon Apr 10, 2017 4:33 pm

That's the way I see it too Daisy, but what about the large percentage of Bulgarians who are finding life difficult in the current financial climate? What sort of future would they face?
Back to top Go down
oddball
Moderator
Moderator
oddball

Posts : 7312
Join date : 2009-10-20
Age : 65

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeMon Apr 10, 2017 7:15 pm

justbazz wrote:
That's the way I see it too Daisy, but what about the large percentage of Bulgarians who are finding life difficult in the current financial climate? What sort of future would they face?

They would not survive Bazz. In our village we have only elderly folk and they live on tiny pensions, it breaks my heart to see them scrimp and save on everything. The younger generation are for the euro because they will get paid better, but of course they have not thought further than their nose and try to explain that everything will go up in price is a complete waste of time. It is like when they go to UK to work they think the money is fantastic and of course it is, but when you have higher bills to pay you are left with nothing much, so many of them have come home again.
Back to top Go down
willowsend
Mega user
Mega user
willowsend

Posts : 2271
Join date : 2009-11-10
Age : 84
Location : Dobrich

It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitimeMon Apr 10, 2017 9:10 pm

. It is like when they go to UK to work they think the money is fantastic and of course it is, but when you have higher bills to pay you are left with nothing much, so many of them have come home again.


Berni, it's like when all as Brits bought property in Bulgaria 10 to 12 years ago thinking we would all get jobs and the cost of living was much lower, how many of the estimated 12.000 who bought are still in Bulgaria, not many, they have all returned to the UK.
It's all relevant
Back to top Go down
Sponsored content




It's a trap Empty
PostSubject: Re: It's a trap   It's a trap Icon_minitime

Back to top Go down
 

It's a trap

View previous topic View next topic Back to top 
Page 1 of 1

 Similar topics

-
» Farmland: the new trap set by the government
» Popular Show 'Money Trap' Arrives in Bulgaria

Permissions in this forum:You cannot reply to topics in this forum
 :: ExPat Lounge-