Everyone's criticisms in connection with the changes to the Euro Adoption Act are absolutely justified. This was stated in the program "Osche ot dne" on BNT by economist Vladislav Panev.
Such an experience was had in previous years in countries in the European Union with high inflation, such as Hungary, and it did not lead to anything. Separately, this will lead to the appointment of hundreds of new officials, he added.
The other thing is the regulatory pressure on business - Uncle Pencho will have to explain why he raises the price of a given product in his store. When officials have the opportunity to interpret whether there is an economic justification for a price increase, this is a prerequisite for corruption. This is a trap, because everyone will be afraid of it. And when an economic environment is managed in a state of fear, this is not good, Panev emphasized.
Prices will also rise during this 16-month period, in which they will supposedly be frozen, through economic justifications. We will both have higher prices and we will pay more for the maintenance of officials. This is the result of every meaningless regulation, the economist added.
If the state deficit is kept under control, then there will be no problem with inflation - the market will regulate itself, as it has always done so far, he commented.
The more the fight against speculation, the higher the prices. The more the heads of regulatory authorities go on television to scare, the more traders will raise their prices even before August 8, Vladislav Panev also said.