Bulgarian Elections

Tomorrow Bulgaria will have elections:

Nearly six decades after Simeon II, Bulgaria’s 9-year-old child-king, was removed by the Communists, their heirs are again poised to oust him from power. The opposition Socialist Party is leading opinion polls ahead of the June 25 general election and is likely to defeat Prime Minister Simeon Saxcoburggotski.

Actually I know a little bit about Bulgaria as I did some research into Bulgarian immigrants in Spain a couple of years back. My impression is that the Simeon regime is extraordinarily corrupt. Many Bulgarians have had to leave simply to send money home to their parents who can only survive with difficulty on the state pensions. Of course, one extract in the article did catch my eye:

Bulgaria’s demographic decline is also likely to favor the Socialists, who count heavily on the country’s 1.8 million pensioners for support. An estimated 700,000 mostly young people have left the country since the fall of communism in 1989 in hopes of a better life in the West

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".