US EditionWithin a Few Months, It Would Have Been Reduced From the Euro Area: in the Face of Galloping Inflation Caused by an Inefficient Economy, Bulgaria Is a "New Country" that Enters the Single Currency without Having the Criteria
3 Articles
3 Articles
The adoption of the euro currency was seen as a stage of balance and economic clarity for Bulgaria.The first days after entry into the euro area, however, they have brought a rise in the market, with prices which have gone beyond the levels of formal conversion and with a growing suspicion that some of the traders are trying to see how much they can support consumers.In the place of predictability there appeared to be uncertainty, fed by rapid p…
In order to be able to reach the euro area, Bulgaria had met some economic conditions that seemed very distant for Romania: a maximum inflation of 1.5% greater than the average of the three EU states with the lowest inflation, a budget deficit of less than 3% of GDP and a public debt of less than 60% of GDP. Article How has been able to adopt Bulgaria's euro currency before Romania. The conditions our country has not yet met have appeared in Rom…
About half of Bulgarians say they are opposed to the adoption of the euro, which they believe could fuel an already high inflation in the country.
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- 67% of the sources lean Right
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