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Bulgarian government votes down presidential veto | euronews, world news
Seven weeks of street protests reveal both Bulgaria’s failure, success | euronews,
Read the links, watch the video from the first.
So there are protests for over 2 months now. So lets talk about what's going on there.
First with the basics, Bulgaria is a parliamentary republic. This means that most of the exective power lies with the PM and the legislative branch is very powerful and can overturn basically anything that the executive branch throws out.
So what happened. 2 months ago, or a bit over 2 months ago, the new government was formed. The socialists won the parliamentary elections and formed the ruling coalition. The socialist PM has formed his cabinet. And here's the problem. A lot of people didn't like what the new cabinet was. It was full of oligarchs and moguls and career politicians with few credentials and know to 'spread the wealth' among themselves. So they took to the streets 2 months ago, and yet, there has been no change what so ever in the government.
The president is mostly ceremonial when it comes to internal matters. He has little power. The President can veto laws but his vote means nothing if Parliament has it's way. This is what happened lately. The President is pretty popular and not the target of the protests in bulgaria. the protests are aimed the socialist government and the parliament. The president is a center-right individual who won the elections last year and can only be thrown out of office by a referendum.
But not all news is bad news. Bulgaria has a pretty stable economy thanks to low taxes on businesses, propping up foreign investment. Also, they have little regulation when it comes to starting up a new business. It is also a well known place where people (from the Balkans) go to register cars because it very cheap and easy.
This is mostly thanks to the former center-right government.
Anyway. The protesters are determined. They don't like what they got after the elections and they want something better. they deserve something better. They want a proper cabinet that will work for them, not for the oligarchs. They want their elected officials to listen to them and not go half-assed into governing. And they will protest until their demands are met. They have been peaceful and resilient so far. 2 months in this heat is no picnic.
The government has some lee-way so far. It has very little national debt and low inflation. But if it doesn't step up and meet the demands of the people, there may be drastic consequences. Reduced ratings, negative economic forecasts, lack of confidence.
Seven weeks of street protests reveal both Bulgaria’s failure, success | euronews,
Read the links, watch the video from the first.
So there are protests for over 2 months now. So lets talk about what's going on there.
First with the basics, Bulgaria is a parliamentary republic. This means that most of the exective power lies with the PM and the legislative branch is very powerful and can overturn basically anything that the executive branch throws out.
So what happened. 2 months ago, or a bit over 2 months ago, the new government was formed. The socialists won the parliamentary elections and formed the ruling coalition. The socialist PM has formed his cabinet. And here's the problem. A lot of people didn't like what the new cabinet was. It was full of oligarchs and moguls and career politicians with few credentials and know to 'spread the wealth' among themselves. So they took to the streets 2 months ago, and yet, there has been no change what so ever in the government.
The president is mostly ceremonial when it comes to internal matters. He has little power. The President can veto laws but his vote means nothing if Parliament has it's way. This is what happened lately. The President is pretty popular and not the target of the protests in bulgaria. the protests are aimed the socialist government and the parliament. The president is a center-right individual who won the elections last year and can only be thrown out of office by a referendum.
But not all news is bad news. Bulgaria has a pretty stable economy thanks to low taxes on businesses, propping up foreign investment. Also, they have little regulation when it comes to starting up a new business. It is also a well known place where people (from the Balkans) go to register cars because it very cheap and easy.
This is mostly thanks to the former center-right government.
Anyway. The protesters are determined. They don't like what they got after the elections and they want something better. they deserve something better. They want a proper cabinet that will work for them, not for the oligarchs. They want their elected officials to listen to them and not go half-assed into governing. And they will protest until their demands are met. They have been peaceful and resilient so far. 2 months in this heat is no picnic.
The government has some lee-way so far. It has very little national debt and low inflation. But if it doesn't step up and meet the demands of the people, there may be drastic consequences. Reduced ratings, negative economic forecasts, lack of confidence.
