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Bulgaria postpones plans for joining the Euro zone

BulgariaPosted by Uvner Business Consulting Sun, September 09, 2012 18:38:23

For the moment Bulgaria puts off its plans for joining the Euro zone due to the continuing financial crisis said Bulgarian Finance Minister Simeon Dyankov, quoted by Wallstreet Journal. In his words there is no gain in this country entering the Euro zone because “at this stage it only means expenses”. The rules in the zone are changing all the time and joining in would be highly risky. Besides the Bulgarians would like to know whether the accession to the zone would not mean to salvage someone else from bankruptcy , Minister Dyankov further added.

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