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Bulgaria hopes to join euro zone ‘waiting room’ by year-end

Bulgaria

Bulgaria hopes to join the precursor to euro zone membership, the ERM-2 exchange rate mechanism before year-end, Finance Minister Vladislav Goranov said on Wednesday, pushing back Sofia’s initial target of joining this summer.

The Balkan country, a European Union member since 2007, had aimed to join the bloc’s banking union and the two-year “waiting room” for euro zone membership together in July.

Source: reuters

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