UP

Bulgaria enters eurozone as instability persists

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Bulgaria enters eurozone as instability persists

Bulgaria will adopt the euro on January 1 after receiving final approval from Brussels, despite having no functioning government, no approved state budget, and ongoing public protests.

Axar.az, citing Italian scenari economici, reports that the European Commission has confirmed that all legal and technical requirements have been met, making the process effectively irreversible.

EU institutions argue that political instability is an internal matter and does not affect euro accession once the convergence criteria are fulfilled.

Domestically, Bulgaria faces a power vacuum, repeated budget delays, and last-minute but unlikely attempts by opposition parties to postpone accession.

Critics warn that joining the euro without a budget will severely limit fiscal flexibility during the transition and could amplify economic shocks. Nonetheless, EU authorities treat the change largely as a technical operation, prioritizing monetary integration over democratic consent or political stability, reinforcing the perception that euro adoption proceeds independently of national political realities.

Date
2025.12.15 / 13:30
Author
Axar.az
See also

Iran proposes two-day timeline for US peace deal

Two Azerbaijanis killed in road accident in Russia

Former Zelensky spokeswoman Mendel charged with treason

Russian deputy foreign minister meets Armenian ambassador

Armenia could apply for EU membership in 2027 or 2028

Millions vote in US midterms to decide control of Congress

Azerbaijan and Latvia hold consular consultations

Zelensky rejects phone talks with Putin, calls for meeting

Pashinyan: Peace with Azerbaijan is already reality

Turkiye denies claims Heydar Aliyev bust will be removed

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla