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EU gives green light for Bulgaria to join the euro

DW News · 1 month ago
DW News
DW News
1 month ago

The EU has approved Bulgaria's readiness to adopt the euro, clearing the way for a 2026 switch. The move follows inflation reforms and marks a milestone in the country's EU integration.

BreakdownGenerated by LeadStory AI
  • The EU has approved Bulgaria's readiness to adopt the euro, targeting a 2026 switch. 4s
  • Some Bulgarian citizens express concerns about rising prices and economic difficulties for small businesses. 11s
  • Skepticism about the euro adoption is fueled by misinformation and opposition from far-right groups, including protests. 1m 44s
  • Economists state that Bulgaria's monetary system has long been prepared for euro adoption and do not expect serious inflation due to the change. 2m 12s
  • The Bulgarian parliament has rejected a proposal for a referendum on the euro. 1m 53s
International Politics