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Bulgaria Won’t Waver on Euro Adoption, Finance Chief Says

From bnnbloomberg.ca

Bulgarian Finance Minister Assen Vassilev said the new government won’t stray from the country’s pledge to adopt the European Union’s single currency within two years even as he acknowledged the euro’s “design challenges.” “As a coalition government, we’ve made a commitment to enter the euro zone on Jan. 1, 2024,” Vassilev said in an interview with Bloomberg News in the capital Sofia on Friday. The benefits of transitioning from Bulgaria’s lev to the euro outweigh the drawbacks, he said. The Bulgarian government under Prime Minister Kiril Petkov is set on navigating fragile backing for the single currency as it ... (full story)

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