Електронно списание "Scientific Research"

Adoption of the Euro-Plus-Pact (initially known as the Competitiveness Pact or just the Pact for the Euro) and the decision of Bulgaria to join it, as a Euro zone candidate country, has provoked the public opinion and caused many controversial opinions among the policy-makers and experts.

The real pros and cons debate of the Pact started just after news for our joining the new European initiative.

The lack of wide public debate and political consensus on how to realize such an important political, economic and social act is disturbing and worrying factor, even for extreme Bulgarian conditions, which raises and will raise great social tensions and alarming questions without a satisfactory answer.

This management action is not something unknown in our most recent democratic history.

In fact, other fateful social and political acts, as Republic of Bulgaria's joining NATO and European Union, were performed the similarly, which is consecutive manifestation of chronic distrust of ruling elite in the political maturity of the Bulgarian people.

1. The Euro Plus Pact - Stronger Economic Policy Coordination for Competitiveness and Convergence - Annex "Policy of Competitiveness and Convergence"

EUROPEAN COUNCIL Brussels, 25 March 2011, EUCO 10/11, CO EUR 6, CONCL 3

http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/120296.pdf

2. The Euro Plus Pact - Stronger Economic Policy Coordination for Competitiveness and Convergence - Annex "Policy of Competitiveness and Convergence"

EUROPEAN COUNCIL Brussels, 25 March 2011 , EUCO 10/11, CO EUR 6, CONCL 3

http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/120296.pdf

3. Position of Confederation of independent trade unions in Bulgaria (CITUB) and Trade Union Podkrepa

http://www.vedomost.info/novinite/374-trudova-zaetost/28631-pakta-evro-plyus

4. Position of Confederation of independent trade unions in Bulgaria (CITUB) and Trade Union Podkrepa

http://www.vedomost.info/novinite/374-trudova-zaetost/28631-pakta-evro-plyus

5. The Euro Plus Pact - Stronger Economic Policy Coordination for Competitiveness and Convergence - Annex I, goal "Foster competitiveness"

EUROPEAN COUNCIL Brussels, 25 March 2011 , EUCO 10/11, CO EUR 6, CONCL 3

http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/120296.pdf

6. The Euro Plus Pact - Stronger Economic Policy Coordination for Competitiveness and Convergence - Annex I, goal "Foster employment"

EUROPEAN COUNCIL Brussels 25 March 2011 , EUCO 10/11, CO EUR 6, CONCL 3

http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/120296.pdf

7. Mendez, C. - General Workers Union (UGT) trade union leader in Spain: "The Covenant of the Euro is a transaction interference in domestic policy ": EP EL PUERTO DE SANTA MARIA (CADIZ), 15 March 2011 http://economicsnewspaper.com/policy/spain/mendez-the-pact-of-the-euro-is-a-transaction-interference-in-national-politics-579.html

8. Statement of the Bureau of the Committee of the Regions to the Spring European Council in 2011, p.15,CdR 73/2011 fin  EN - ND/AS-AS/yp/tp, www.toad.cor.europa.eu

9 Bresso, М. - President of the Committee of the Regions, 6th Territorial Dialog, 20 March 2011 http://portal.cor.europa.eu/europe2020/Library/Documents/Europe% 202020%  20Brief%  20March% 202011.pdf \

10. Angelov, Ivan Euro-Plus-Pact Better coordination of economic policy, 13. April 2011, issue 85, http://www.duma.bg/duma/node/1340

11. Wikipedia , ranking of countries by GDP per hour worked, based on data from the Center for international Comparisons at the University of Pensilvania, http://pwt.econ.upenn.edu/Documentation/PWT_63webac_final.doc.

12. "Until 2020 the incomes of Bulgarian citizens to reach 75% of average income in ЕU"  - project management of BSP(Bulgarian Socialist Party), 12.05.2011, National palace of culture, Sofia, http://www.bsp.bg/bg/article/2481

13. Angelov , Ivan "Expected GDP growth in Bulgaria. Voters respect more realistic promises" , 25 May 2011, number 116 , newspaper "Duma", http://www.duma.bg/duma/node/15065

14. Angelov, Ivan Euro-Plus Pact Better coordination of economical policy, 13 April 2011, issue 85 , http://www.duma.bg/duma/node/1340

15. Juncker , Jean-Claude, Luxenburg's Prime Minister, http://economicsnewspaper.com/economics/juncker-criticized-the-pact-for-the-euro-in-paris-and-berlin-379.html, The Point - Economics

16. New EU Innovation index: "The main competitors get ahead EU despite the achieved progress in many of the Member States", Brussels, 1 February 2011, http://europa.eu/rapid/press

Radoslav Radoslavov, Ph.D.