Bulgarian President Rosen Plevneliev warns Cameron on immigration

It is has come to the attention of the public recently that the coalition government are forming intense restrictions and rules that will stop EU migrants living comfortably in the UK like they have previously done.

The coalition government has suggested that housing benefits should be taken away from EU migrants until they acquire a job, furthermore, it has been proposed that EU migrants should wait 3 months before they receive out of work benefits. 

President of Bulgaria, Mr Plevneliev, suggested that the measures are unnecessary and believes that Britain must stay true to themselves and their legacy as "a great global power that pioneered integration". He believes that the measures proposed are simply moving Britain towards nationalism and nationalism even though politicians believe there have been an influx of migrants at an unacceptable rate.

He added: "Bulgarian people are raising a lot of questions today about the democratic, tolerant and humane British society. Are we in Great Britain today writing a history of a switch to isolation, nationalism and short-term political approaches?

"Of course, Great Britain will make its planning and will take its decisions. But some of them could be right, some of them could be wrong. Some of them are bold and some of them are, I would say, not long-term orientated decisions."

Theresa May from the Home Secretary has suggested that a cap for around 75,000 EU migrants will be necessary for the future whilst Clegg has immediately condemned this suggestion and described it as unnecessary, illegal and unworkable.

It is obvious that although the no entry barrier may be popular in political opinion, however the economic costs of the barrier could have a greater effect.

Nick Clegg has said "are we really that keen to see the back of German lawyers, Dutch accountants or Finnish engineers? Do we want the NHS to fall over and the City of London to grind to a halt?"

The introduction of such tough barriers could possibly lead to the destruction of recovery for the UK as it could lead one step closer to leaving the EU. 

What do you think about the situation? Feel free to post your opinions and views here. Thanks.

A trip to the money gallery.

Hi everyone, I trust that the summer holiday is going well. I made a trip to the museum but focused particularly on the money gallery. It explained the introduction of currency, nonetheless, ranging to the possibilities of currencies becoming extinct with the new introduction of electronic payments such as 'Google Wallet'.

The Earliest Coins

The earliest coins originated from 650 BC, Lydia (modern Turkey), made from Electrum, they bared the Lion.s head, therefore it is viable to assume that, these coins were authorized by the King's of Lydia.

Detail of gold coin of Croesus Lydia (modern Turkey) about 600-550BC
These coins are often attributed to the legendarily wealthy King Croesus of Lydia, these coins also show part of a lion and face the forepart of a bull. Gold and silver coins were issued in several weights for different denominations.

Apothecary Tokens - Britain, 1666-9
Apothecaries sold medical treatments and gave people medical advice, tokens were issued in at least 100 towns, common designs include the arms of the Apothecaries' company and a pestle and mortar.

Commercial Bank 20 dollar note - Mauritius, 1839

Commercial banks were permitted to issue notes in the British colonies, although there were certain barriers due to the fact that British government had an idea that there would be bank collapses if notes were over issued as there would be a further result of inflation, this prediction was mainly developed from the banking crisis in the 1820's.

Do you suppose we are approaching the end of cash? 
The first experiments involving electronic cash took place in the 1990's, however, since then, it is of course true that many new ways of payment such as debit cards, online banking, etc were introduced. Customers from 1995 had an electronic wallet to check how much money they had on their bank cards. Even though there were claims that the 'Mondex machine' would replace cash nationwide, the trials ended without a launch of the service.

'Wave and pay watch' - 2010
With the introduction of cashless payments, a new type of technology came into action, the wave and pay watch. This has a chip embedded where it was swiped against a special reader. Some manufacturers wanted to combine wearable apparel with the technology in order to make payments.

Google Wallet - 2012 aka Contactless Payments
The Google wallet software app allows payment card information to be stored, furthermore allowing customers to make quicker payments in shops at the point of sale by simply swiping or tapping the handset on a reader.

 Do you think we are possibly approaching the end of cash and moving towards 100% electronic payments?Feel free to leave your opinion below.

BFG (Bust For Greece) meaning help from the BFG's (Big Friendly Giant's)?

Hey Guys. A critical update on Greece here. Has anyone been monitoring the bad economical situation in the past year? It may come as a shock to some, but even though Greece are the 34th largest economy worldwide with a $292 billion nominal GDP, and have EU power, their 2010 government debt crisis dragging up to now, received a further blow.
Economists in the past year, predicted that this financial issue would be rectified in the coming years, however, in the July, the economic index fell from 93.5 to 91.7. Big blow to the future prospects of Greece. What do you think?
Sources claim that the decrease in consumer index has risen from the decline in consumer trust which has an impact mainly on industry. Will Greece need any sort of help from its fellow EU siblings or the US in order to re-instill the prosperity and positive future for itself?

If you have any ideas or opinions, feel free to post them in comments.