Friday, April 10, 2009

Bulgaria: Bulgaria in no rush to adopt Euro

Bulgarian Finance Minister Plamen Oresharski has taken a stance against the immediate introduction of the euro, saying this would have no significant economic impact, local press reported Thursday, Xinhua News Agency reported.

Oresharski's remarks came in response to International Monetary Fund (IMF) calls on central and eastern European countries to consider scrapping their currencies in favor of the euro even without formally joining the eurozone.

In a confidential IMF report, which leaked earlier in the week, the fund said the eurozone could relax its entry rules so countries could join as quasi-members, without European Central Bank board seats.

Source: FOCUS Information Agency
Published by Mike Hitchen, Mike Hitchen Consulting
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