bulgaria pushes to enter euro waiting room
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bulgaria pushes to enter euro 'waiting room'

Arab Today, arab today

Arab Today, arab today Bulgaria pushes to enter euro 'waiting room'

European Commission President Jean-Claude Juncker with Bulgaria's Prime Minister Boyko Borisov (L).
Sofia - Arab Today

Bulgaria, the EU's poorest member state, on Thursday said it wants to enter the "waiting room" to join the euro as it marked the start of the bloc's presidency.

European Commission chief Jean-Claude Juncker has called for the eurozone to expand beyond its current 19 members.

But any country that, like Bulgaria, wants to gain access to the single currency club must first join the ERM2 Exchange Rate Mechanism.

"Bulgaria has a stable currency, growth of 4 percent, low unemployment. We are ready to join the waiting room for the euro," Prime Minister Boyko Borisov told a press conference.

He said Bulgaria had spoken to European Central Bank chief Mario Draghi, saying "we have done our duty."

"We will probably go in the first quarter to the ECB," Finance Minister Vladislav Goranov said.

"We are in intense talks with the ECB. We have to get their word that they are ready."

Juncker later said the European Commission, the EU's executive arm, would try to help Bulgaria prepare.

"Your place is in the euro, we will work for that," he told a presidency ceremony on Thursday.

Former Soviet bloc Bulgaria joined the EU in 2007 and took over its rotating six month presidency at the start of January.

But it remain dogged by concerns about corruption and it is also a net recipient of EU funds.

Bulgaria also wants to convince its peers that it is ready to join the visa-free Schengen zone.

Source: AFP

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bulgaria pushes to enter euro waiting room bulgaria pushes to enter euro waiting room

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bulgaria pushes to enter euro waiting room bulgaria pushes to enter euro waiting room

 



GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 00:49 2017 Tuesday ,28 February

New vehicle scanner to ease Oman border rush

GMT 10:50 2018 Monday ,08 January

L'anza unveils sprayable styling paste Airpaste

GMT 16:40 2012 Monday ,20 February

New Ferrari Enzo

GMT 13:47 2013 Friday ,22 March

FM: Greece takeover process of Cypriot banks

GMT 19:13 2017 Monday ,16 October

6 wounded in USA oil rig blaze near New Orleans

GMT 16:34 2016 Sunday ,25 September

Pakistani air force jet crashes, killing pilot

GMT 20:53 2017 Wednesday ,14 June

Media council abandon complaint against writer

GMT 20:59 2017 Tuesday ,31 October

IMF official says Egypt's economy

GMT 15:19 2017 Wednesday ,29 November

Five things to watch out for in 2018

GMT 02:04 2017 Saturday ,18 November

To solve N.Ireland border issue

GMT 03:18 2017 Sunday ,05 November

Curva rebrands as FROW Magazine

GMT 22:16 2018 Wednesday ,17 January

GCC Chief meets UN Envoy to Yemen

GMT 13:05 2011 Thursday ,23 June

Irish Derby to be bigger and exciting
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday