Bulgaria gets green light to join euro in 2026

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AcanthocephalaSea410@reddit

After waiting for so many years, it finally happened.

Let me mention some of the negative aspects. Bulgaria may lose its price advantage in exports and become a society oriented towards consumption rather than production. In crisis situations, it is usually difficult to overcome because you cannot produce your own money, and since the money has to come from outside, you may fall into an endless debt trap.

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Vesko85@reddit (OP)

You are righy, but we are consumer society already and we can't produce our own money since 1998 when we accept the currency board.

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AcanthocephalaSea410@reddit

Wow thanks for informing me. I didn't know they had set you up and taken over your money system.

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Conscious_Repair_713@reddit

We made that choice ourselves because the situation was very bad back then. Tying the lev to the euro in 97 and taking the monetary policy away from our own hands was the best thing that could have happened to us. Back then there was a hyperinflation and later when we got tied to the euro we had to denominate by 1000, that's how much our currency was depreciated.

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AcanthocephalaSea410@reddit

It had reached around a million for us. When inflation decreased, we made 1$ = 1 million ₺ and 1$ = 1₺, the traces left by inflation were erased.

The ability to increase the exchange rate during a crisis has a life-saving effect. The effects can be reversed if a little patience is exercised. After the problems are solved, it could be corrected by making 1000 leva = 1 $, after 1 $ = 1 leva. I think Bulgaria could manage this situation even if it had not switched to this system. It gave up easily without putting up a fight.

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Conscious_Repair_713@reddit

We have very divided opinions on whether or not to enter the eurozone, but I have yet to hear a single (just one!) economist say that tying the lev to the euro was a bad thing. The idea is that the euro is amazingly strong, it's the world's second reserve currency and especially now with Trump's dumb actions it's becoming stronger, a crisis is not likely and if it happens, at least with our participation in the eurozone we will have a say on how to overcome it, like with the example you gave.

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Aegeansunset12@reddit

Nice, welcome to the gang neighbour!!

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PlamenIB@reddit

I don’t have to exchange money when I visit Thessaloniki anymore 🥳

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Dramatic-Panda8012@reddit

meh...we still need to exchange romanian money when we come bulgaria :(

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Forward-Cantaloupe62@reddit

Whatever, anyway, the majority of the population keeps their savings in euros.

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WetIce@reddit

Majority of the population does not have savings lol.

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Forward-Cantaloupe62@reddit

Check romanian Malls and cars. We have money :)) but they are not declared

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WetIce@reddit

Yeah savings is more like money you didn't spend. Malls and cars are some big reasons people don't have any savings.

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PlamenIB@reddit

But you are going to be able to use them in Greece, Croatia and the rest of the countries so not that big a deal I guess.

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simke4@reddit

It’s the stupidiest thing you can do. In Croatia the prices have tripled since the euro was introduced in 2023.

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PlamenIB@reddit

The prices are up everywhere and unfortunately it is not expensive to Croatia.

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simke4@reddit

Believe me the prices didn’t rise anywhere as much as in Croatia. I see people are dumb as fck and downvoting. Never mind, when you introduce euro you’ll remember my words. Good luck!

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SamorimCalecute@reddit

Believe me. You're wrong.

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Sharp_Win_7989@reddit

Prices were already rising high in Croatia before the Euro was even implemented.

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simke4@reddit

Not even close as much as when euro was introduced. I experienced it so I know what I am talking about. Never mind, just be happy for Euro. You won’t be once it gets introduced and your prices skyrocket 😅. I live close to northern Italy and since Euro came we go there for a food shopping as it’s much cheaper then in Croatia. That can give you an idea.

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Sharp_Win_7989@reddit

Prices in Italy, which use the euro, are lower than croatia. So what you really are saying is that the euro isn't the issue?!

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simke4@reddit

No more time for dummies. Abort

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nickkamenev@reddit

Yeah, and prices will go up for you, and your economy will be become less competitive. It might benefit us and hurt you.

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Inna94061@reddit

Half of us think the same and want referendum.But our politicians say we are dumb and have no capacity to decide about such important matter?!!!!!Like they are not corrupted stupid fucks.

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nickkamenev@reddit

You should have had a referendum, like so many european countries have done on such matters.

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LargeFriend5861@reddit

It's illegal to have a referendum on this question.

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nickkamenev@reddit

Your claim is based on what ? Other members of the eu had have referendums on such issues.

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LargeFriend5861@reddit

Because we already signed an agreement to adopt the euro, upon joining the EU. Other countries did not, when they conducted their referendum. You can't just sign an agreement and choose not to follow it.

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nickkamenev@reddit

Dude, wtf are you talking about ? Are we playing with words here ? Your political leadership had the responsibility to bring a referendum before you. It was their legal responsibility. They CHOSE not to, and signed the agreement. It didnt "just happen", so dont mention. It doesnt xhange the fact that you should have had and you should have a referendum. Period.

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LargeFriend5861@reddit

Actually, as a matter of fact, it did not have that legal responsibility. Should they have done it? Yes. But before signing the agreement to join the EU, not after. We are approximately 17 years old for that now. As for rn? It's illegal.

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nickkamenev@reddit

They had. Whether you like it or not. Your stance is extremely irresponsible, as is your politicians stance. Once you enter the eurozone, you cant leave, and it will have a huge impact on your economy in the long term.

A bunch of a few irresponsible guys and their whims and wishes can not set the fate of an entire nation for generations, just because they want, for their own personal gains It is comical.

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LargeFriend5861@reddit

Show me the law that states they had a legal responsibility to put it up to a referendum. You can't? Because they didn't. I do think a referendum should've been done, but it's too late now.

Those few guys are also elected leaders into power. Elected after 7 elections, in which the Euro was a very big focal point of discussion. We live in a representative democracy, not a direct one. And once more, it's too late now. It's literally in the constitution itself, that we will accept the Euro.

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nickkamenev@reddit

Your answer is childish. It is not a matter of a single law. It is a matter of constitutional and legal principles. Constitutions deal with such matters, not laws.

Laws are voted and altered all the time. It is nothing to create a new law.

It is a matter of national interests that will impact generations upon generation, with huge repercussions. It is not up to you and your whims and wishes, whether you like or not. Neither it is up to the whims and wishes of a small selection of people, who "believe" in things.

Your stance is extremely irresponsible and arbitrary.

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LargeFriend5861@reddit

The constitution is THE Supreme Law in the country, my guy. When I say law, you could bring up the constitution, and it'd still count. So tell me, once more... Where does it state in the constitution that we need to vote for this via a referendum?

I never said it's up to me? It's up to the constitution and the constitutional Court... Which ruled a referendum to be illegal, btw. You could also argue that this isn't a matter for the average citizen who knows nothing of the economy and how it functions at a basic level. I could easily say that this is a matter for the experts. But once more: We voted for this. We are a representative democracy, not a direct one. We voted for people who were pro Euro for years, decades even.

I'm sorry that it's irresponsible and arbitrary to... Follow the law?

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nickkamenev@reddit

Go read the constitution of Bulgaria, along with all the other countries that have had referendums on such matters and tell me.

You hate democracy and you love your hypothetical or real self interest more than your country, to the point that you are hysterical on removing the right of your compatriots to have a say on such a national matter.

Nothing more to discuss here, we live in two separete worlds.

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LargeFriend5861@reddit

As a matter of fact, I have read it. And guess what: There's nothing there stating we HAVE to take a referendum for the Euro.

I am pro-democracy, heavily so. But I'm also for the rule of law. This was deemed illegal by the constitutional court itself. Not only that, but it would be in violation of an agreement we directly signed with the EU. So tell me, how am I wrong in this matter? There is no law that says we have to take a referendum, and there is actually a law that says such a referendum is illegal. They had a right to vote in elections for the past 17 years, and they voted for Pro-EU parties and never once pushed for this issue before now. Once more: We are a representative democracy, not a direct one.

Also, once more, all those relating to the Euro were made BEFORE signing the contract.

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PlamenIB@reddit

“The People” are those who thought the vaccine put microchip in their brain so Bill Gates can tell them what to do. Not to mention that because of Schengen we were about to become the biggest migrant camp in EU. 400K lunatics are not the voice of 5M. There were elections over 7 times for the past 4 years so they had multiple chances.

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nickkamenev@reddit

What ? Its a clear matter of democracy. Simple question, for a simple referendum. Simple legal point, not extra words needed.

Once you enter the eurozone, you can not exit. So, you HAVE to make a referendum. Its the only responsible option.

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PlamenIB@reddit

There is a political party for that reason. Again- elections seven times (or more- I don’t remember). Seven times are more than enough. Not going to vote one more time just because 400 000 people.

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nickkamenev@reddit

No. It is a matter too important to simply "interpret" it this way.

In addition, legally, this is very fliud.

If you want to be serious about your country, you have to be specific.

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Inna94061@reddit

Yes,we def should and I personally am for delaying for at least 5 years.To wait and see what's gonna happen worldwide and if euro is the right choice at all.....It's irreversible decision and we don't trust these corrupted morons to take it! They don't want referendum because at least half if not more people are hardly against it. And for some reason our politicians are in a hurry.....They never ever asked us(because we stupid?!!!)because they know the answer will be negative.

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nickkamenev@reddit

They are in hurry because it will give them access to loans in a strong currency.

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LargeFriend5861@reddit

No, that's not what they're saying. The reason we aren't having a referendum is that we already signed an agreement to accept the Euro. The referendum should've happened when we were joining the EU, and we could've tried negotiating a loophole... But we didn't. It's too late now. We can't just throw away all our agreements when we feel like it.

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vbd71@reddit

our politicians say we are dumb and have no capacity to decide

They might have some point, though.

A Bulgarian politician: "Our people must be really dumb if they elected someone like me."

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Inna94061@reddit

Haha,well,if you look it that way....😆But isn't Ursula(that f bitch)also corrupted and europeans elected her again.

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BestZucchini5995@reddit

If you'll have enough, to begin with ;)

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New-Interaction1893@reddit

I hope they didn't fake their economy datas to fit all the requirements.

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LargeFriend5861@reddit

We would've done that much earlier, if so.

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Suitable-Decision-26@reddit

Lately, "But will this make my stay in Greece more convenient" has been the main criteria about evaluating EU related decisions.

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nickkamenev@reddit

Bulgaria will regret this, just as Greece did. People do not observe and learn.

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LibertyChecked28@reddit

Oh we do- it's just that those who have more than 2 braincells are deemed "Inconvinient", and all "inconvinients" are silenced & replaced on the account of them being: "Putin's Agents".

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nickkamenev@reddit

Man, as an economics graduate, i have made a study on the negative impact of the euro on the greek economy and its role in causing the greek crisis. Most of my professors, although conservative and right-wing, are against the euro, because they are professional economists and scientists, and can asses it in a clear way, beyond andy superficial excitement.

Warching people now silently downvote me is hilarious and soooo interesting me to me. I feel like Noah or something. I know they are wrong, i know what will happen and what this means, yet i enjoy their silent disapproval of the inconvenient truth.

Because they want to believe in something that will make the future better.

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tenev@reddit

Bulgaria has pegged currency for \~ 30 years. Currently we are experiencing all the "negatives" of not having independent monetary policy (we can not devalue the lev in crisis) and 0 of the positives (we have higher risk premium, higher transactional costs, not having a voice in ECB rates, etc). Greece economy was addicted to debt + devaluation cycles in the past, so when you enter in eurozone - the inability to depreciate the currency exploded your debt. We do not have the same macroeconomic imbalances as Greece - we have many other problems :), but debt is not one of them. So it is not probable to expect the Greece scenario in Bulgaria.

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Leontopod1um@reddit

debt is not one of them

Yes of course it's not a problem, because it's our children's problem, right? Despicably pathetic. Indeed, our debt addicts have not been able to overdose, but they sure get high as soon as they get a chance. Just because it's a smaller problem than Greece had doesn't make it negligible.

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tenev@reddit

It is not a problem because historically it is around 20-25%. BG economy long term growth is around \~ 2.6 and budget deficit is rarely bigger than 2-2.5, so we are basically paying off our dept with growth. It is not a problem because in this regard we have pretty sound economic policy.

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nickkamenev@reddit

Fair answer

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nickkamenev@reddit

The more downvotes i receive, the more competitive the bulgarian economy will hecome after the adoption of euro. Ho ho ho.

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interloper76@reddit

what for? and why? does not make sense. you have semi-euro (BGN) since decades and monetary semi-independence, why change it?

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Vesko85@reddit (OP)

Because we are part of the EU, and according to the treaty we are obliged to adopt the euro. It doesn't specify when, but sooner or later it has to happen. The currency board is a major constraint on the development of the economy.

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ZhiveBeIarus@reddit

My condolences to my Bulgarians friends.

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Leontopod1um@reddit

The battle is not lost yet. I mean we must enter the eurozone in some number of years. It's our current government that is trying to force us to enter as soon as next year, but we can find a way to work out a delay. A delay in a few years is what we really need.

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KdotD@reddit

Will this make people poor or rich?

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PlamenIB@reddit

Probably no difference. When it comes to homes and cars everything is in euros since… Idk. I bought my apartment in euros but had to convert them in levs. So I don’t think there will be difference.

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Leontopod1um@reddit

By far not all property is sold in €. Also, the Croats warned you that prices will be rounded up in shops throughout, unless they get boycotted.

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LibertyChecked28@reddit

The poorer will get poorer, the richer will get richer.

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Prize_Management9936@reddit

omg this is unbelievable. how tf did you pulled this off??

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Leontopod1um@reddit

Lies in reporting.

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viktordachev@reddit

Simple: "whatever happens, keep finances strict!". Of course this restrains the economy as well. Romanian politics just chose the other option - economy growth now, sacrificing the stability.

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LibertyChecked28@reddit

Our notorious Peevsky & Borisov PM guys recieve a personal phone call from Ursulla herself, and magically everything happens overnight.

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vbd71@reddit

Why is it Borisov and Peevski every time? While Kircho and Kokorcho (Petkov and Vassilev) totally have nothing to do with it, have they?

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maximhar@reddit

It’s been the national policy for a while, if stalled numerous times due to corruption and political instability. The original plan was for 2024…

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Inna94061@reddit

Thanks God the corruption is ended now and our leaders(which are not the same old bunch of morons) are so decent!🤣We are ready to let them make irreversible decisions and adopt the euro....🤖

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vbd71@reddit

The currency board definitely helps.

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BluTao16@reddit

Is this separate from the EU? Cause i could have said yes without hesitation that Bulgaria has been part of the EU for a long time.

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thruthfully-yours@reddit

Finally! Can’t wait to stop dividing by 1.95583, which has been absolutely frustrating.

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Burenosets@reddit

Now you will multiply by 3.

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RustCohle_23@reddit

hey, watch, we got a копейка here.

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Burenosets@reddit

Okay, imagine that we were living soon after WW2. The news that the Bulgarian golden reserve is to be transferred to the Soviet Union has just arrived. You are ecstatic - we are now part of the Warsaw pact. We are just becoming integrated the the socialist utopia. Of course our money must be in Moscow. I say to keep our money in Bulgaria. You then blame me of being a western spy.

See, it’s literally the same.

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RustCohle_23@reddit

ok, now tell me what part of the reserve will be transferred to ECB.

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Burenosets@reddit

I am not sure but that’s not the worst part. The worst part is that the rest of the reserve will go to Boyko and peevski.

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LargeFriend5861@reddit

As much will go to them, as is going right now. Literally that aspect will not change.

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Burenosets@reddit

No, because now they can’t spend from the reserve of the board because it’s locked.

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RustCohle_23@reddit

ходи си лягай, пич.

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simo_rz@reddit

The Don't get paid to sleep, the get paid to spam.

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Petrak1s@reddit

The best solution is to ignore them. If they don't get engagement they are useless.
Recently they started writing comments in english pretending to be french, or croatian, or other and complain from the euro.

Funny group full of shit. 😄

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Burenosets@reddit

No, I am Bulgarian.

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Petrak1s@reddit

Exactly what I said. The Копейки are out of options about the Euro. So they make up foreign people to complaint about the euro to continue frighten the people.

They are often either paid to spill misinformation or are genuinely undereducated and are doing the misinformation out of not understanding the topic.

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Burenosets@reddit

Okay, why is it not possible that they we just have a different opinion? Why are you demonising half of Bulgarians people ho are against the euro?

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LargeFriend5861@reddit

Because a good chunk of them are Russian assets.

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Burenosets@reddit

Иска ми се да ми плащаха, но не ми. Може би просто някой е на друго мнение от теб? Може би просто ти си глупав?

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zzgamma@reddit

Except the part where the EU is not an authoritarian regime and countries have rights and the ability to own shit.

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Burenosets@reddit

Okay but that’s also exactly what the communists used to say.

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Yavor-san@reddit

If EU was a communist state UK would never be aloud to leave. I guess Orban would send thanks :)

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Burenosets@reddit

Well you can’t leave the eurozone for example, so is that totalitarian?

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Yavor-san@reddit

When you leave EU you leave also the eurozone…

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Burenosets@reddit

Where does it say that?

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zzgamma@reddit

You are aware that people NOT owning property was kind of the point of communism yes?

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certifiy@reddit

Wait no way you guys are tied to eur the same way bosnian mark is. So we basically have 1:1 currency exchange

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Stealthfighter21@reddit

Yes, because we were both tied to the German mark at 1:1 before that. I learned that recently.

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No_Firefighter5926@reddit

After recent elections and the new pro-EU president of Romania there is a real possibility Romania to join Eurozone waiting room (ERM II) next year. Which means that before 2030 Romania will have chances to join Eurogang too ;)

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Dim_off@reddit

Common Euro are from Romania to Greece sounds quite good

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geo0rgi@reddit

The vastly improved relations between Greece, Bulgaria and Romania has been maybe the best thing to happen to the countries from being in the EU. Didnt really realise how similar we are culturally aswell until I had spent some time with Greeks and Romanians across Europe.

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LargeFriend5861@reddit

We've always been similar. We were just too busy fighting each other to realize that.

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ISV_VentureStar@reddit

Let's hope so.

But your budget deficit is over 3 times the requirement for the eurozone (3% vs Romania's 9.3%) and your debt to GDP is nearing the limit as well (60% limit, Romania's is 55%). It would be a tough fight but I hope for the best.

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Aggressive_Limit2448@reddit

Congrats.

It will make Bulgaria connected with Greece and rest of Western Europe will only speed economy.

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branimir2208@reddit

And rise prices. Great success

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Aggressive_Limit2448@reddit

Will speed economy and Bulgaria in 10 years from now will double it's economy

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branimir2208@reddit

Will speed economy and Bulgaria in 10 years from now will double it's economy

Do people really believe in that bullshit?

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vbd71@reddit

No. That's why the ruling parties refuse to conduct a referendum.

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LargeFriend5861@reddit

It's against the law.

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Aggressive_Limit2448@reddit

Speaking from your country Bulgaria has bypassed you in economy and will do in even large extent.

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branimir2208@reddit

Bulgarian economy was always ahead of Serbian.

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tamzhebuduiya@reddit

Not really

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branimir2208@reddit

It was, since 2008.

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No_Firefighter5926@reddit

Bulgaria joined EU in 2007. Back then Serbia was ahead in GDP nominal per capita. Now Bulgaria is waaay ahead of you and with € accession they you are considering as bad will be even more next years. But everyone takes what it deserves it seems

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branimir2208@reddit

Bulgaria joined EU in 2007. Back then Serbia was ahead in GDP nominal per capita.

Serbia had fall in GDP per capita during 2008 crisis while Bulgaria didn't. EU didn't had any effect.

During the Great Recession, Bulgaria saw its economy decline by 5.5% in 2009, but quickly restored positive growth levels to 0.2% in 2010, in contrast to other Balkan countries.

with € accession they you are considering as bad will be even more next years.

Poorer and less productive economies are hurt by EUROzone entry. That has happed to every poor economy.

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simo_rz@reddit

No one cares

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No_Firefighter5926@reddit

🤷🏼‍♂️ ok whatever

My last sentence in the previous comment still stands it seems

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AideSpartak@reddit

Interesting year for that to occur

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eastern_petal@reddit

Will this change Bulgaria's geocoordinate as well and it will cease being eastern? 😅

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ISV_VentureStar@reddit

Yes, suddenly Bulgaria becomes South/Central European.

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Stealthfighter21@reddit

Literally no country that uses the euro regrets it now.

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branimir2208@reddit

regrets it now.

Because they can't.

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sN-@reddit

Found the kopeika

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BestZucchini5995@reddit

This :(

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GSA_Gladiator@reddit

When going to Greece I don't gave to go through border checks, get internet plan and now exchange currency. That's freaking majestic

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electronigrape@reddit

get internet plan

Wasn't that an EU rule for quite a while already?

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LargeFriend5861@reddit

That's the point.

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Odd-Organization-740@reddit

Now all that's left is the highway to Greece and the Kresna Gorge issue. You know, the one where construction companies are fighting with environmentalists, and the EU is funding both sides 😀

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EpicStan123@reddit

Can't wait for my great-grandchildren to drive on that finished section of the highway in 2107.

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Ok_Eagle_3079@reddit

You can purchase property you can work there freely. What is the difference between Greece and Razgrad?

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GSA_Gladiator@reddit

Ik, we are almost like one. Like a federation

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Ok_Eagle_3079@reddit

Lets call it a Union :D of states

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GSA_Gladiator@reddit

United states of eastern Balkans or Rumelian federation

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Negative-Farm5470@reddit

Language, culture etc.

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No_Moose_8615@reddit

The ladies in Razgrad are more beautiful.

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Burenosets@reddit

Don’t worry, next year you won’t be able to afford to go to Greece.

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Yavor-san@reddit

It does not say, because there is no legal mechanism, but if the country decide can introduce national currency, it’s free to do it. Greece almost done it during debt crisis in 2010.

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JRJenss@reddit

Wow...in 6 months already?! Congrats to Bulgaria! From our experience: be ready to boycott stores and supermarket chains rounding the prices up. Hopefully everything goes smoothly and the government won't need to interfere as was the case in Croatia...not because of the euro itself, but because of the greedy mofos.

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Ringspecies@reddit

We preemptively raised hell about it, now every store is starting to list prices in both currencies, as to make sure no rounding etc. takes place. Even got an SMS from the mobile provider reassuring me of no rounding up, etc.

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JRJenss@reddit

Good. We had prices listed in both currencies for the entire first year. The problems started only after that. Bakers were the worst - a baker mafia. After that, the same sh*t continued due to tourism and regardless of the euro...the greedy bastards! The working people on the coast live with Swiss prices and balkan salaries. It's gotten to the point where we've become too expensive even for the Germans and Scandinavians... nuff said.

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Ringspecies@reddit

Sadly many people on our coast suffer from the same, even without the euro. It's all due to tourists.
(maybe not so)Fun fact, our far right is actually using Croatia as an example why we must never join the eurozone. How are you guys tackling this, aren't there arrests, cartel breakups etc?

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JRJenss@reddit

Really?? Lol! The price hikes here have nothing to do with euro. Even before, the euro was just an excuse for greedy..I guess you could call them cartels, like the baker's cartel, lol!

As for tackling with it, the government had to step in at one point and put a cap on prices. Otherwise, no...you can't arrest people for abusing the supply and demand mechanism.

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vbd71@reddit

be ready to boycott stores and supermarket chains rounding the prices up.

Bulgarians did it even with the Lev still in power when the chains raised the prices in anticipation of Euro zone admission... I'm pretty sure they're ready.

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DardanianGOD@reddit

Welcome Bulgaria🤣😂🤣😂

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CyrillicUser1@reddit

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vbd71@reddit

At last Bulgaria can trade with Kosova without currency exchange /s

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Prudent-Toe-7911@reddit

We should have a referendum. It’s pretty ugly to see 10 ppl deciding for all the country

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GeorgTD@reddit

Referendum on a complex economic issue? No, 99% of people are not equipped with the knowledge to have an informed decision.

If you ask the general public in a referendum whether we should decrease taxes to 0 and increase the minimum wage 2x, the government will fall in a week.

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LibertyChecked28@reddit

Referendum on a complex economic issue? No, 99% of people are not equipped with the knowledge to have an informed decision.

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GeorgTD@reddit

Това strawman fallacy meme сигурно ти е в любими на тела.

Бтв защо си изтри онзи ден коментара под поста за Украйна и унищожените самолети на Русия? Да не те хвана срам нещо?

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LibertyChecked28@reddit

Нищо не съм трил, модераторите са го премахнали.

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GeorgTD@reddit

My bad, значи. Извинявай

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Vesko85@reddit (OP)

10 people??? People vote on elections. 70% from teh choosen parties are pro western!

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Prudent-Toe-7911@reddit

Нямам време че да обеснявам елементарни неща на простаци

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Vesko85@reddit (OP)

Тогава не пиши тролче!!!

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Thick-Paint8741@reddit

Am I the only who is not extremely happy about this ? Prices would double in Bulgaria 🤷🏼‍♀️ I don’t live in Bulgaria but now going back home would a lot more expensive 🤷🏼‍♀️

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GungTho@reddit

No. You’re not the only one.

Go ask on askcroatia about what happened when the Kuna switched to Euro, even after being pegged for years.

Hopefully Bulgaria isn’t as beholden to German supermarket chains, price gouging bastards.

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vbd71@reddit

Hopefully Bulgaria isn’t as beholden to German supermarket chains, price gouging bastards.

It is :(

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LibertyChecked28@reddit

You are not the only one but Reddit is echo chaimber rulled by Euro-Centrist.

Even the friggin r/Belarus, r/Iran, r/Syria and r/China (>!not even a single Chinise person there btw!<) subs are dominated by the exact same vocal carbon copies of Euro-Liberals you would see on r/Germany & r/czech

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smellslikeweed1@reddit

I think we first have to wait for the approval of the EU parliament and the Eurogroup (the finance ministers of the eurozone countries if I understand correctly) and it I'm not mistaken we need another approval from the EU council, from what I understand it's an approval of the heads of government of all EU countries, or is it also the heads of government of just the eurozone countries? And after that the council of the EU also needs to set the date on which we will be adopting the euro. So we need quite a few approvals from now on, idk how that will go, considering we've been blocked for Schengen since 2011, a total of 14 years. Idk whether they would block us for eurozone for another 14 years after we became ready

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vbd71@reddit

Austria and Netherlands, please do your thing again /s

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Jakdublin@reddit

They’re all just formalities. Approval wouldn’t have been granted today if any rejections were anticipated. It’s a done deal.

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geo0rgi@reddit

I am not exactly sure how it all works, but wouldn’t the likes of Fico or Orban be able to sabotage the accession by orders of daddy Putin?

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Jakdublin@reddit

No. Once the European Commission and the European Central Bank decide Bulgaria is ready that's it. The EU Council (heads of state) approval only needs a majority vote and member states have no veto, so Orban or any other dodgy leader couldn't prevent adoption.

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Smooth-Fun-9996@reddit

This is great we really also need Romania in the Euro to benefit from it the most then the economies in the area will really start taking off.

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vbd71@reddit

we really also need Romania in the Euro

So they can share our misery /s

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requiem_mn@reddit

OK, who's gonna send me Bulgarian EUROs. And is there an official page to see the design. And was there anything controversial (cough Tesla, cough Croatia)

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DegaE@reddit

You are welcome

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vbd71@reddit

for the Bulgarian euro coins of €2 – an inscription along the edge with ‘БОЖЕ ПАЗИ БЪЛГАРИЯ’ (GOD SAVE BULGARIA) on one half and the same inscription written upside down on the second half.

The least religious state in Balkan

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vbd71@reddit

Hmm, Никола Теслев might not be a bad idea /s

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toshu@reddit

We were super uncreative but consistent and are just gonna copy the current lev coin designs as closely as possible. So no controversies whatsoever.

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Besrax@reddit

https://money.bg/panorama/eto-taka-izglezhdat-balgarskite-evromoneti.html

I was hoping to see a new design, but they just copied the design of our current currency. I guess they want to keep the transition as seamless as possible.

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SaberandLance@reddit

Well that's the final nail in Byngarias coffin. People will be priced out. Enjoy your German currency.

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Vesko85@reddit (OP)

The Bulgarian lev was pegged to the German mark as early as 1998, and later to the euro. Overall, Bulgaria has had excellent relations with Germany since 1900. But that's normal — the Germans have always supported us economically.

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0xPianist@reddit

Congrats to Greece for becoming more competitive 😂🙌

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hopopo@reddit

Good job!

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xzenonrt@reddit

And there went the last cheep vacation country in Europe.

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First-Egg-713@reddit

Congrats my bulgar bros! Im happy to see your country doing well.

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Money_Ad_8607@reddit

Bulgarians haven’t been Bulgarian for some centuries now…

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vbd71@reddit

Too bad. Khan Krum wouldn't allow this.

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Putrid-Try-9872@reddit

Asparuh invaded what is now eastern Albania long live Bulgars

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geo0rgi@reddit

My boy khan Asparuh wasn’t playing around

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Suitable-Decision-26@reddit

I will allow it.

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ProductGuy48@reddit

Congratulations to the Bulgarian neighbours 🇧🇬!

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sendme__@reddit

Man I wish we joined as well...

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Square-99@reddit

Out of curiosity, does your government doing something in that regard or not really, like both people and govt are not interested in switching to EUR?

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sendme__@reddit

There were some discussions last year, but we don't comply with multiple requirements including the law. Something, something there is no money to be made for our politicians so there is no interest.

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No_Firefighter5926@reddit

In comparison to the past, now with Nicosur Dan there is the political will as he is clear a pro-EU integration.

The main problem now is to fix all this mess with Romania’s economy (especially the huge deficit the country has at this moment)

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DGhitza@reddit

Let`s see with what sort of government we will end up with and even if the things will go to how Nicusor wants, a PSD PNL UDMR USR pro EU government which is willing to pass needed reforms and last until 2028; the 2028 parliamentary elections are looking to be won by AUR with a majority at the moment and AUR is the Liviu Dragnea anti-EU and pro Russian wing of PSD

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ProductGuy48@reddit

They half heartedly say they will do something about it because it’s a treaty obligation, we are legally bound to adopt the euro eventually, but they have no interest in doing it as it would bring much stricter fiscal discipline which would prevent them from bribing their friends and electorate

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Dubl33_27@reddit

there's also upsides in having our own currency, if only we'd have competent leaders that could use that power.

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Kaer__Morhen@reddit

Depends, we also have our own currency but it's tied to the Euro so people don't notice that we are massively failing as a country

If we were using the Euro directly people would MAYBE put two and two together and realize that we have outrageous prices here

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JRJenss@reddit

Didn't know dinar was pegged to the euro but well said. You might as well just introduce the euro unilaterally, without any agreements with the EU...the way Montenegro and Kosovo did it, lol!

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Aggressive_Limit2448@reddit

Balkan Russia to introduce euro?

Serbia is a country where no elections happen like in Belarus.

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