It seems more and more likely that Bulgaria will not be able to enter the Eurozone on January 1, 2025. Economists have different opinions on whether our country is ready for this step, but they believe that it will rather bring positives to the country .
According to economist Kuzman Iliev, whenever the transition takes place, it will be smooth, but the Eurozone is not a panacea.
According to Iliev, there are currently many problems in the Eurozone.
Post-Covid, all governments are now extremely indebted. If during the crisis of 2007-2009 the governments were not in debt and when the private sector was hit, they helped – the situation is no longer like that. In our situation, a stability of the Eurozone gives us peace of mind, but in no case does this mean that the Titanic ship – the Eurozone – is not heading towards the icebergs. It’s just that right now we have some cabins on the first floor that will be the first to flood if we’re not closer to downtown.
Kuzman Iliev, economist
Bulgaria is not economically prepared to enter the Eurozone because there is a lack of a sustainable macro-framework, believes Daniela Vizieva, former Minister of Economy.
The banker Levon Hampartzumyan is not of the same opinion. According to him, Bulgaria has been ready for the euro for a long time.
However, all three economists are united around the thesis that our entry into the Eurozone should be approached with reason and not with emotions.
Tags: Bulgaria Eurozone challenges risks
