Bulgaria to talk about joining Euro band

Bulgaria is expected to talk about joining Euro Currency Band with EU Ministers next month

Izvor: AP

Tuesday, 27.03.2007.

11:18

Default images

Bulgaria to talk about joining Euro band

"We will discuss (the ERM) next time," told reporters in Brussels before talks with EU finance ministers. The ministers meet again in Berlin on April 20.

His comments are a sign of Bulgaria's eagerness to join the euro. European nations must be members of the ERM for at least two years without devaluing the currency before they can enter the euro zone.

The ERM is a currency band that does not allow members' rates to fluctuate widely within set limits.

Bulgaria joined the EU on Jan. 1, along with Romania. Bulgaria has said it wants to start using the currency in the second half of 2009 or by the start of 2010.

Romania is not in such a rush to join the ERM, saying it would like to do so in the next three to five years. Only one recent EU newcomer, Slovenia, has so far adopted the euro since in launched with 12 founding economies in 2002.

Two small nations, Cyprus and Malta, have applied to join next year but the larger economies of eastern Europe, including the Czech Republic, Poland and Hungary, appear less keen to sign up.

Komentari 0

0 Komentari

Možda vas zanima

Zelenski na poternici 19
Svet

Zelenski na poternici

Na sajtu Ministarstva unutrašnjih poslova Rusije pojavilo se obaveštenje da je ukrajinski predsednik Volodimir Zelenski na poternici, prenose RIA Novosti.

14:35

4.5.2024.

10 h

Podeli: