euro

Author: Steve Hanke Earlier this year, we witnessed a dramatic slowdown in Bulgaria’s headlong rush to abandon the leva and adopt the euro. Prime Minister Boyko Borisov sensed that Bulgarian society was not in favor of being included in the European Monetary Mechanism ERM-II. The year 1997 was both the worst and the best …

They ask me where we are with the euro. In the summer of 2018, Bulgaria made unilateral commitments to carry out a number of actions in several areas - as preconditions for our subsequent admission to ERM-2 and the Banking Union. And now everything has been reported as fulfilled. The Council of Ministers is holding a special meeting and ...

Last week, we thoroughly refuted Prime Minister Borisov's claims about the alleged "benefits" of joining the ERM-II currency mechanism in the current crisis. Now we turn our attention to the other side of the coin - the potential risk that we would take if we joined the currency mechanism. The biggest risk is related to the banking system and is ...

In the last few weeks, the positions of the government, especially in the quasi-single-man rule of Prime Minister Borisov, have been more volatile than the weather. After in February he wisely abandoned the rush to join the so-called "waiting room" of the eurozone - the ERM-II exchange rate mechanism - Borisov turned 180 degrees and a few days ago ...

At a special counter-briefing on Sunday, Prime Minister Borissov, provoked by President Radev's statements and veto on the state of emergency law, commented on a range of topics of key importance beyond the pandemic that has hit the world. He made a kind of joke at opponents of joining the eurozone and defenders of the currency board, telling us …

You can support this call by signing our petition at this link. You can download this call as a separate document at this link. The currency board and the stability of the leva provided the basis for everything we have managed to build in the economic field in Bulgaria over the past 23 years. For this …

This week, Greek government debt yields fell to record lows. The yield on the country's 10-year government bond fell below 1% for the first time in history on Wednesday, and later fell below 0.9%. This is a particularly significant development, given that Greece is the country that has been …

In the debates that erupted this week over the dangerous amendment to the BNB Law, the authorities were forced to launch into a desperate defense of the current political course towards the fastest possible membership in the eurozone. One of these desperate defenses was the claim made by Prime Minister Boyko Borisov that joining the eurozone would …

To the Chairman of the Committee on Budget and Finance of the National Assembly The Minister of Finance of the Republic of Bulgaria The Governor of the Bulgarian National Bank OPINION By Stoyan Panchev In his capacity as Chairman of the Expert Club for Economics and Politics - TEAM DEAR MADAM CHAIRMAN, DEAR Mister MINISTER, DEAR Mister GOVERNOR, …

54% of adult Bulgarians want a referendum on Bulgaria's entry into the eurozone 50% of adult Bulgarians are against the introduction of the euro, only 19% support it Voters of the major parties are against the euro, while their elected officials – 60% of adult Bulgarians consider the leva a stable currency The majority of Bulgarians do not …