There are plenty of surprises as the story develops, always centered on the power of female friendships and the importance of family.
According to the EU’s multi-country Eurobarometer survey released last week, 50% of Bulgarians are against the adoption of the euro, while 43% are in favor. In contrast, trust in the euro continues to grow across the rest of the EU.Bulgaria joined the EU in 2007. It has been plagued by political instability and corruption that have fueled euroscepticism among its 6.4 million citizens. Analysts say disinformation campaigns from abroad have fed fears of economic changes that could bring more poverty.
Scores of false claims by opponents of the eurozone have been published on social networks. One claim says the EU plans to take away people’s savings if they fail to spend them within a certain period. Another claims that plans to introduce a digital version of the euro are part of a plan to control everyone.“There is a powerful brainwashing of the average Bulgarian. Illusory fears are being spread, lies are being told wholesale, unscrupulously and brazenly,” said Ognyan Minchev, director of the Institute for Regional and International Studies in Sofia.Economists say joining the euro will not bring massive change to Bulgaria’s economy in the short run. That’s because the government has pegged the currency to the euro by law, at a fixed rate of 1 lev for every 51 euro cents.
Joining the euro can bring lower borrowing costs, greater ease in comparing domestic and foreign prices and no need to exchange money when vacationing in another euro country. More than that, it’s a sign of integration into the EU and its large economy. Members get a seat on the European Central Bank’s interest rate-setting committee.Countries agree to join the euro when they join the EU, but so far 20 of 27 members have taken the step. Croatia was the last to join in 2023.
Bulgaria’s government has very little debt, at 24.1% of GDP — the second lowest in the EU and well below the 60% level in euro membership criteria. That’s a sharp contrast to its neighbor, Greece, which entered the euro in 1999 with high debt that was concealed through complex financial transactions. Greece’s broken finances eventually triggered a eurozone-wide crisis.
Bulgaria’s government has been “fiscally super conservative ... the risk of Bulgaria becoming a fiscal risk to the eurozone is essentially zero,” said Zsolt Darvas, senior fellow at the Bruegel think tank in Brussels.filled with the toxic plastic ingredient.
The on-scene coordinator’s “limited awareness or use of the full range of ASPECT capabilities could negatively impact emergency response decision-making,” the report said.The explosion and fire generated a massive plume of black smoke over
that billowed eastward over the nearby Ohio-Pennsylvania border three days after the derailment. State and local officials in charge of the response feared those tank cars would explode even though the limited temperature information they had showed the cars were starting to cool off.The National Transportation Safety Board had previously