Bulgaria in EMU?

Discussion/News about Europe, EU, politics

Moderators: Phaseolus, Fons

Post Reply
User avatar
ART
Euro-Master
Euro-Master
Posts: 5334
Joined: Sat Oct 16, 2004 8:26 pm

Bulgaria in EMU?

Post by ART » Sat Jan 20, 2018 5:02 am

Bulgarian Finance Minister, Vladislav Goranov, said that the government is considering applying for entry in the monetary union before the end of Bulgarian presidency of the EU Council, i.e. by 30 June 2018. It would do by entering the Erm II (European exchange rate mechanism) that, barring accidents, would lead Bulgaria to join the EMU in 2021: the discussions are already underway, since all the other requirements already met.
"Awaken, my child, and embrace the glory that is your birthright!
Know that I am the Overmind, the eternal will of the swarm,
and that you have been created to serve me."

"If you lose, you can't win" (Andrea)
"Everything ends" (Ines)
"Run not tired me" (Ines)
. . . . . . . . . . . . . . . . . . . . . . . . .
European soul, European pride.

User avatar
ART
Euro-Master
Euro-Master
Posts: 5334
Joined: Sat Oct 16, 2004 8:26 pm

Re: Bulgaria in EMU?

Post by ART » Thu Sep 27, 2018 8:59 pm

On 29 June the Bulgarian Minister of Finance and the Governor of the Bulgarian National Bank sent a letter to the Eurogroup to request entry into ERM II by July 2019 ( http://www.consilium.europa.eu/media/36 ... pation.pdf ). On 12 July the Eurogroup and the ECB published a statement on the steps necessary for Bulgaria to be accepted in the mechanism ( http://www.consilium.europa.eu/en/press ... ticipation / ).
"Awaken, my child, and embrace the glory that is your birthright!
Know that I am the Overmind, the eternal will of the swarm,
and that you have been created to serve me."

"If you lose, you can't win" (Andrea)
"Everything ends" (Ines)
"Run not tired me" (Ines)
. . . . . . . . . . . . . . . . . . . . . . . . .
European soul, European pride.

Post Reply

Return to “Europe-Board”