Bulgaria: From the Lion to the Euro

Just weeks after the government of the E.U. state of Bulgaria resigned amid protests against the rampant corruption, the state traded in its currency, the levs, which means lion, for the federal currency, the euro. In the new year, 2026, Bulgaria stood to relieve holders of the state’s debt and to tame the endemic inflation that has plagued the state’s economy. In November, 2025, for example, food prices had risen by 5% year-on-year, “more than double the eurozone average.”[1] The term “eurozone” is actually problematic, as it, like the application of the jargon, “bloc,” to the E.U. itself is meant to obfuscate readers regarding the genre of the political, federal union. To claim that Bulgaria joined a currency zone is inferior stating that the state adopted the federal currency. Stated properly, the currencies in the E.U. can be compared with those that were in the early U.S., and all of those combinations of state and federal currencies can be held to be compatible with federalism.

The full essay is at "Bulgaria." 

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1. Aleksandar Brezar, “Bulgaria Switches to the Euro Amid Mixed Reactions from Its Citizens,” Euronews.com, 1 January, 2026.

Salary Averages in the E.U. and U.S.

It can be misleading, even illusory, to cite an average statistic on the entire E.U. and U.S. when their respective member-states differ significantly in their own averages. To be sure, overall averages, such as pertain to an empire-scale union of states covering many subunits are useful in comparison with the overall average of another comparable union. Additionally, in cases in which the state averages do not differ much, the overall average for all of the states aggregated is not misleading. Abstractly, an average of numbers that ranges from 50 to 50,000 is less reflective of the facts on the ground than is an average of numbers that ranges from 50 to 60 because neither of these outliers is much different than, say, an average of 55. In contrast, especially if most of the data from 50 to 50,000 clusters around these poles, then to say that an average of 23,000 represents something actual is dubious and even misleading. It is also misleading to compare the average pertaining to one empire-scale union of states with the average of a state in another such union. Such a category mistake regarding scale and polity-types and levels is commonly made in comparing and contrasting the E.U. and U.S. In an effort to rectify the recurrent cognitive-ideological lapses bearing on trans-Atlantic comparisons and contrasts, a proper comparison of salary averages can serve as an illustration of how to compare “apples with apples, and oranges with oranges” in institutional political analysis that is comparative in application.

The full essay is at "Salary Averages in the E.U. and U.S."

Bulgarians Appealing To the E.U.

As a form of government that checks abuses in government, federalism can pit a state government against that of the union. In fact, several state governments should be able to hold back encroachments from the federal government, and that government in turn should have the wherewithal to stop abuses of power in a state government. The appeals of protesters in Bulgaria, the poorest E.U. state, to the E.U.  in July 2013 exemplify how not to invoke this function of a federal government. The question regards how the Bulgarians got it wrong.

Bulgarian protesters appeal to the E.U. to stop corruption in Bulgaria. Federalism itself can be seen visually in this picture by looking at the flags.  Image Source: Euronews.               

The full essay is at "Essays on the E.U. Political Economy," available at Amazon.

Bulgaria Shrugs Off the Euro

In early September 2012, Reuters reported that Bulgaria had “abandoned plans to adopt the single currency in response to deteriorating economic conditions and rising uncertainty over the prospects of the European Union. Finance Minister Simeon Djankov was quoted as saying as much.  Bulgaria was at the time the poorest state in the E.U. (similar perhaps to Mississippi in the U.S.). It is significant that Bulgaria was one of the least indebted states and was “trying to stick to tight fiscal discipline to avoid risks to the lev currency, which [was at the time] pegged to the euro.” In this regard, Bulgaria was like Finland and Germany in that it faced the prospect of paying for other states’ profligacy and lack of self-discipline. From this vantage point, it makes perfect sense for Bulgaria to demur. However, the perspective may be short-sighted in another respect. Specifically, Bulgaria risked missing the boat on the E.U.

The full essay is in Essays on the E.U. Political Economy," available in print and as an ebook at Amazon.