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Emerging Europe’s differing attitudes to adopting the euro

Bulgaria hopes to join the the ERM-2 exchange rate mechanism — the precursor to eurozone membership — before the end of 2019. Previously, the Balkan country – an EU member since 2007 – had aimed to join the bloc’s banking union and its two-year “waiting room” for eurozone membership in July.

“There has never been a better moment,” said Vladislav Goranov, Bulgaria’s finance minister. “There has never been more trust, both economic and political, from our western partners to the perspective of Bulgaria entering the close circle of European integration.”

Source: emerging-europe

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