The Euro - will Bulgaria join in 2025?
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- Опубліковано 11 кві 2024
- What are the odds of Bulgaria adopting the Euro? Bulgaria has an ambitious goal to adopt the euro by 2025. We will look at Bulgaria's journey towards meeting the Eurozone requirements (Convergence Criteria). From economic indicators, like inflation rates, and public debt to political hurdles and public opinion, we will look at everything! and at the end of the video we will determine what the odds are of Bulgaria joining next year. Prominant figures like Mariya Gabriel, Rumen Radev and Prime Minister Nikolai Denkov seem to think they can. There are currently 27 European Union Member States, of which 20 have adopted the Euro. That leaves 7 (Sweden, Denmark, Czech Republic, Poland, Romania, Bulgaria and Hungary) that are yet to join.
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Sources:
economy-finance.ec.europa.eu/...
economy-finance.ec.europa.eu/....
www.ecb.europa.eu/pub/pdf/con...
en.wikipedia.org/wiki/Bulgari...
en.wikipedia.org/wiki/Euro_co...
en.wikipedia.org/wiki/Enlarge...
ec.europa.eu/eurostat/documen...
eur-lex.europa.eu/legal-conte...
ec.europa.eu/eurostat/documen...
www.ecb.europa.eu/stats/finan...
economy-finance.ec.europa.eu/...
www.ceicdata.com/en/indicator...
ec.europa.eu/eurostat/documen...
www.ecb.europa.eu/press/pr/da...
www.minfin.bg/en/news/12467#:....
bnr.bg/en/post/101955733/gove....
ec.europa.eu/eurostat/documen...
www.ecb.europa.eu/stats/finan...
I wish you my brothers the best, whether you choose Lev or Euro 🇷🇴🤝🇧🇬
We choose lev
@@masterarthius8752You have already chosen the Euro. You have signed a treaty. Follow through on your promises.
@@albevanhanoy No we haven't. Our colonial administration has. They are illegitimate. We will break their promise. We will never accept the Euro.
@@masterarthius8752 no we didn't.
@@albevanhanoy UA-cam deleted my comment
Yey new video about Bulgaria!
It is Bulgaria week at EUMS :D
@@EUMadeSimple hey I wanted also to say that in the video explaining each nation contribution to Ukraine, you exchanged the Bulgarian flag with the Hungarian one, somewhere at the final of the video but its not a big deal
@@EUMadeSimple this is not Bulgarian week. This is propaganda. Everyone in Bulgaria wants a referendum. Nobody wants the euro.
Man, these EU videos are so informative. I am very happy I found this channel a few months ago.
Glad to hear it!
Did this EU propaganda informed you that there was a massive huge referendum where people massively voted against...
@@bellatordei3440 Дето беше незаконен и "massively" имаш предвид само тези дето са за Възраждане?
@@nemtv2 Незаконен референдум е оксиморон, защото законите произтичат именно от Негово Величество, които са еманация на неговата воля
@@nemtv2 Тва за Възраждане не го разбрах
Bulgaria's parliament has 240 seats, not 220 as displayed in the video. Beside that, the video is precise and exhaustive on the topic
Another correction - the video implied that a referendum on whether to join the Eurozone is possible. Such a referendum is unconstitutional and thus impossible according to Bulgarian law.
@@TzvetozarCherkezov If they would let referenda to be used by the common people to decide, the EU would be empty.
@@merkeet Which tells you what? That EU is not democratic.
@@sshope19 Exactly. Only the left woke globalist people who watch MSM think it is.
I'm fact this person who make these videos ,even if he seems convinced of what he says , always makes a lot of mistakes in his statements!!
Well, technically Bulgaria did meet all the criteria before the Pandemic in the period 2017-2020. We had very low inflation rate at the time, but we still weren't accepted in the Eurozone due to lack of unanimous support by the other member states. It's more of a political decision than based on hard-set criteria. Just as the EU accession or the Shengen accession. The Greek crisis really made the Eurozone members wary of newcommers.
But why do we need the Eu and this filling project?Even Mercedes is leaving Eu ..British left its fucked up failled project with no accountability ..Overpriced Brussels garbage ..I don't want to pay for that shit
@@georginikolov1141Yeah England left and it's now in shambles, but that's their problem to fix since they have the resources, on our end Bulgarians don't care about anything other than preserving the Lev for just being Bulgarian, even though the Euro we will have will be of Bulgarian design similar to what we have now and just called Euro.
This is not true at all. In 2017-2020, we didn't meet two convergence criteria - ERM II member for at least 2 years and compatibility of legislation. Bulgaria joined ERM II on 10.07.2020. Thus, this criterion was met only in July 2022. And compatibility of legislation is still not technically met. We weren't accepted in the Eurozone because we didn't meet criteria, there wasn't even a vote for you to claim that there wasn't unanimous support. Most of your comment is a lie.
@TzvetozarCherkezov You are only half right. ERM II is a secondary criterion that is applied after unanimous approval by the other Eurozone members. There weren't any votes for us in that period because many countries did not want us there at the time even though we met all available criteria at the time. The legislation changes is also a weird criterion because some countries, which adopted the Euro early on did not meet it but were still accepted. Also, it is widely accepted that it is the last this to do before being given the green light.
@@georgygeorgiev8882 It's not a secondary criterion at all. It's completely obligatory. Even a cursory glance at the criteria would've told you that. There weren't any votes because WE DIDN'T EVEN HAVE THE RIGHT TO REQUEST A VOTE before all the criteria were met. We didn't meet all the criteria and we still don't. The legislation changes are not weird at all, you literally can't enter if your legislation is different than the Eurozone's. What do you think happens when we enter the Eurozone and the ECB is our central bank, while the BNB Law says BNB is our central bank? WTF are you even talking about, all you've written is completely untrue and frankly dumb as fuck. I'm not partly right, I'm fully right and you have absolutely no clue what you're talking about.
Hope to make a complete series about The Euro, next to be Romania 🇷🇴 and Poland 🇵🇱.
do you wish us so much harm? 😐
Not in Poland
Czechia, too.
As a Romanian I congratulate the Bulgarians for their progress! I hope my country will enter the Euro zone as well, when time is right.
Crazy !
YOU want YOUR country to lose
MORE of its Sovereignty ?
YOU want even HIGHER inflation ?
As a Bulgarian I can tell you that the vast majority of people here don`t actually want the Euro but we have an American useful idiot in charge who just forces it through.
People here are afraid of
1) Crazy inflation and a decrease in purchasing power.
2) The collapse of the Euro and a big crisis which is probably gonna happen in the next 15 years.
Nah but Romania's currency is so high for the same reason as Hungary's, because of our quick economical development, which isn't seen in Bulgaria nearly as much as Romania. For context, Romania's economy grew 700 percent while Bulgaria's grew 300 percent in the past 20 years.
Bulgarians don't want it
The loss of sovereign control over your state currency is not ok. Look what happened in Greece, Italy or Spain. They lost a lot economically.
Hopefully btw thanks for the videos of Bulgaria 🇧🇬❤️❤️🇧🇬❤️🇧🇬
Не говори глупости дечко
I think as more countries join the Euro, it's going to push the holdouts to join at some point, after all, from an economic point of view, it could be seen as a disadvantage to not join for the countries holding out because investment would likely steer towards Euro Zone countries because of stability and the currency rate being the same over a wider range of people.
None Euro countries could mirror the policies of the Euro, but if they keep doing that, you have to wonder, why not join altogether?
Either way, if you were a company investing in the EU, you're more likely going to want to invest in a Euro country because it serves a bigger population of consumers without having to worry about currency fluctuations, which puts pressure on none Euro countries to mirror the exchange rate and policies of the Euro to be more enticing to investors, especially big investments that aim to sell Europe wide, the Euro Zone countries make more sense, with the exception of the developing EU countries in the east, which cheaper labour will still entice investment, but that won't last as they develop, so over the long run, I suspect all EU countries will join the Euro as it's likely going to be more difficult to stay out as more join it, especially as the majority of the EU is already Euro Zone centric.
Anyway, inflation in Bulgaria does seem to be going down overtime, but public views and political stability could be a hold up for Bulgaria joining the Euro, but overall, things are in a good state for them joining before 2030, but I doubt they will join in 2025 because there are too many hurdles to overcome, but the odds are good for them joining before 2030.
Most useful economic benefits of the Euro are gone (for now)... These times of crisis are not great for adopting it. When Slovakia joined, Poland and Czechia should have too... Now it's almost useless... Either way if the Czechs switched back then they would loose a lot of monetary growth that the Koruna had against the Euro
The disadvantage to joining is the fact you lose sovereignty that's a legitimate issue. I doubt Sweden, Czechia and Poland will join anytime soon as the public is against it. Either way as currencies go The Zloty, Koruna and Krone are no toilet paper unlike the forint...
What benefits....there is nothing better than holding up to your own currency as it backs the country stability. Why some countries, which are part of the EU longer than others are still not joining the EURO zone? They are certainly not stupid. The only benefits would go to the banks, which will take loans with lower rates. Nothing else.
Nevertheless you are answering to the central bank and if something goes horribly wrong and there is a big collapse affecting multiple countries, the bank would certainly not support economies like the Bulgarian and they will aim to aid bigger economies.
As long as it goes to the inflation as they said we do not eat TVs, toasters or furniture. The prices in the food markets are mad and they keep rising. For instance since covid broke out prices on average skyrocketed around 30-40% upwards and on some goods they are even double. And as i said they keep rising. I am constantly hearing from friends living across Europe and countries, which are pretty much expensive to live like Belgium, Germany, Austria, UK and all are saying one thing....that prices here are higher or equal and it became much more expensive in last 2-3 years...Do not trust any official statements that the inflation is around the 10% margins....it is at least three times more which is totally against the acceptance terms for joining the EURO zone!
for the small countries its a no brainer because they cant easily hold a good currency... for the middle countries its better to hold on to their own currency because they can have a serious industrial sector and the currency helps it be more competitive... you would be a fool to give that up
@@HIpigoRE1
It's almost like there is a was in Europe.... wait.
I wonder... Are the criteria really necessary these days. I'm Czech. I, unlike most people around here, want Euro and see, how we're effectively becoming dual-currency economy with businesses being given under certain conditions the right to have their books in Euros as primary currency, pay their obligation to the state in Euros and there is proposal for partial salary payments in Euros on the books right now, even businesses are starting to trade with each other in Euros, primarily using Crowns for salaries and taxes... but we don't fit the criteria. So, I wonder, would it be practical to demand adherence to the criteria, if say 60% of domestic trade were to be denominated in Euro? What if an economy shifts currencies by itself?
One of the reasons switching to the Euro is almost useless for Czechia...
Most benefits like trade etc are already allowed with no problem but the national currency is still controlled independently...
I'm very pro-european, but I think we just don't need to switch to the Euro...
Grassroots movements win
@@therealnuggetball From my point of view, Crown is in that regard useless, as majority of trade would be in Euro...
what you say is interesting. Personally I believe that the first criterion is too restrictive, an inflation rate below the European average would be enough.
I'm not an expert, but the Euro zone issue is not just about the use of the currency. Countries like Kosovo are already using the euro, this does not make them part of the euro zone. The inclusion of a given country in the euro zone means, in a certain sense, a loss of sovereignty. The government in the Czech Republic still has its fiscal policy. This will not be possible with the entry into the Eurozone. As part of the Eurozone, the banking system of the Czech Republic comes under the umbrella of the European Central Bank. In case of bankruptcy of one of the euro zone, the others can pay the bill - example Greece. There are an awful lot of aspects that are not talked about. It is not just what currency we are using.
I asked this question below the last post and here is my answer) Thanks I will enjoy this video
As a Bulgarian that wants the euro to be implemented as our new currency I can say that your videos are very entertaining and nice to watch. Whenever I see you post anything related to Eurozone I always watch it no matter what im doing.
It already had a referendum that banned it
Glad you like them!
Same.
Same, from Portugal 😊
why do you want the Euro?
Very informative video. Good job!
I appreciate your usage of the word "criterion".
As a Bulgarian, I don't see it happening with the current political crisis
That not good for the country
Lets hope it never happen
@@DaniilDimitrovwhy? Didn‘t you watch the video? The Lev has been “attached” to the euro since 1999. There is no lev currency. We are using the Euro’s exchange under the disguise of Lev currency.
@D0wNhiLL man dont engage in topics you dont understand
@@DaniilDimitrov
Show arguments 😉
Very interesting video👍
Beautiful illustrated and informative Video! It would be interesting to see a video from you on Sweden's situation. Especially how and why they are able to keep "dodging" the euro area.
EU should help more Bulgaria, i mean the country is literally collapsing long term. Its massively loosing population, including massive brain drain, its the only EU country that dropped from very high human development list into high list and its long term worst in corruption from all EU members. The economy is also not roses. Its true its far from EU center, literally on outskirts, surrounded by also not fully prospeting countries. It needs help and attention, the whole region needs it. From all EU countries i have ever visited, people in Bulgaria seemed the most resigned and unhappy out of all. Even Greeks or Romanians seemed more happy with their country and their future. And Romanians had similar trajectory of rather poor, corrupt country where masses emmigrate into western europe. But after +-2015s they managed to counter it and now its growing super fast, even outgrowing richer countries like Hungary or Greece.
How to help?
...the EU wants Bulgaria to be corrupt so it can control its elite and make them strictly obey to everything Brussels wants
As long as we have the national sovereignty system, the EU can't do much for our domestic politics. If the EU were to become a federal state, then that would be different.
as a bulgarian who lives abroad I can say that it is not like this. Economically Bulgaria is getting better I can see it every time I go back . Many Bulgarians around me are moving back home .When I left my country the avarage monthly wage was under 100 dollars now is over 1000 euro .This and the fact that the taxes are one of the lowest,it is easy to find a job, the prices are one of the lowest in EU ,the climat and the nature are great. If we talk about safety I feel way safer to walk at night in Bulgaria then in France or UK .This wasnt the case 10 -15 years ago.
@@Anatoligg No one is arguing that it isn't getting better. The issue is that it's developing slower than all of the other post-socialist states in the EU.
@@mrbad3036 do not forget that we were way behind everywhere else. And no if you check the data we are not exactly the last ones on everything . Bulgaria is one of the countries with the fastest grow .You can actually check this.
In 2025: Welp, Bulgaria will join the euro zone in 2026
in 2026: Perhaps it will be 2027
in 2027: Bulgaria will surely join in 2028..
Thank you, very informative. Ironically, nobody in Bulgaria has ever explained it properly. They are too busy arguing if the prices will go up if we get accepted into the Eurozone. You say that 49% support it, but from what i can see, it looks more like 30% in favor. People are afraid that there will be a lot of speculation with the prices and are giving Croatia as an example. I am undecided myself, honestly
Something worth mentioning is that public surveys aren't very representative and mainly target the capital, which has a higher standard of living and therefore, more in favor of the Euro.
Moreover, the two parties in the Parliament, who had a majority, broke the Constitution at least two times. First, when they voted in the Parliament not to organize the referendum, even though they were obliged to organize it, because the proponents of the referendum hard gathered more than 400 000 signatures.
Then they broke the Constitution a second time by appointing party-aligned personas as Constitutional judges without the required by Constitution minimum experience. Just a week later (what a coincidence), the Constitutional court ruled the referendum as "illegal" (after months of delay), obviously because the two illegally appointed Constitutional judges swung the balance.
Now, combine this with leaked recordings from last year between Ursula von der Leyen and one of these mentioned parties, in which von der Leyen implies that Bulgaria can abuse the system and bypass the requirements, and you can see the whole situation is orchestrated and non-transparent.
I personally believe Bulgaria is not ready for the Euro yet and adopting it would collapse our economy the moment a global financial crisis occurs. After all, joining the Euro is a not even a requirement, nor a guarantee for a successful economy and Sweden, Poland, the Czech republic are all examples of this. In conclusion, since the Lev is already tied to the Euro, the Euro could mostly benefit big companies, most of which are owned by oligarchs and politicians already, while adopting it carries increased risk in case of a financial crisis.
I don’t say that using a more flexible currency is bad, but learning from Greece, Romania and Bulgaria might be better off staying as they are, slowly growing their economies. Sure, Romania has higher inflation rate, around 7%, but that’s because of the radical 700% growth in overall GDP, and the same for Bulgaria with 300% in the past 20 years.
u must ask the people, as we dont want the euro to replace the LEV ! i dont mind to have them both but Levs to be the main. i will accept euros , no worries !
Lev all the way! Long live Bulgaria!
Can you make a similar video regarding Romania's progress towards Euro adoption ?
Hi, can you give sources of the surveys that show the public opinion about adopting the Euro? I doubt that the percentage of people who are against adopting it is higher that the people who are for adopting it, but I might be wrong (hopefully not). Thanks for the informative video and I hope we'll join the Zone as soon as 2025.
In Croatia 🇭🇷 there was alot of those left-parties against the Euro, scarring the people with rising prices, and disregarding the fact these had already been going up "naturaly". For us joining the Eurozone was a good decision as our economy is directly linked with the older Eurozone members and the prices had for a long time been, off the record, also shown in Euros, especialy for more expensive things like cars, apartments etc. I guess it is simmilar in Bulgaria (and Romania) as it is in Serbia which is not even a EU member.
nope Croatia is bad example, country was given green light even it was never really ready for Euro. So yeah now Croatia has top 3 highest inflations in EU and in the adoption year it was double digit high. Long term Eurozone memebrshiot is certainly positive but any country needs to be prepared for it seriously and Croatia was not ready neither for EU membership nor for Eurozone - it is example how EU does not have strict criteria, is over political disfunctional zoo of various interests with no clear strategy in real life. So its rules are telling one thing and decisions are made on some other, often murky reasons.
@@ivicaanic5213 Please inlighten us, how Croatia was not ready for the EU. And inflation was higher at the start because of the greed from those rounding up the prices too high. Croatia can only benefit from the Eurozone membership as we have always been enocomy-wise dependeble on the trade with other Eurozone countries such as Italy and Germany, not to mention the countries from which we get most tourists from. Plus in the last 30 years, where and when would you hear someone buying a house or a car and expressing the price in anything else than the Euro or prior to that, in Deutschmarks
@@maspalfiker I told you my opinion you can believe what you want
When greece adopted the euro prices did rise significantly and not having the ability to have control over the currency when you need to in a harsh economic situation is specially limiting.
@@Silver_Prussian And THEY weren't ready. They cooked the books, lied about meeting the criteria. Their fault.
I think the reason for the lack of public support for the euro is that there is a general fear amongst the poorer members of society that the euro will cause general rounding up of all prices without a commensurate increase in wages and pensions to compensate.
много точно казано!
We are goiod with our Polish złoty, I think. We sure have inflation but changing curency won't fix it. And we know what happens when you join the Euro Zone when you shouldn't (looks at Greece).
Joining the Schengen area was opposed because of specific concerns on border security. No such problems with the Euro.
Would like to see the next video about Hungary. We face a lot of problems regarding on the criteria, and I would like to hear your oppinion about it.
Very informative video, keep up the good work.
Fellow hungarian👋🇭🇺
It’s not going to happen next year. There has been a political crisis in Bulgaria since 2020 and it doesn’t seem like it will be resolved anytime soon. Anyway, excellent video! 👏🏼
In Belgium we have political crises since 1830 😅 so this can’t be an argument. This is democracy. 🇪🇺
@@louis-philippearnhem6959 yeah, but Belgium has always been more developed than Bulgaria, hasn't it?
Some of the data is a bit outdated on the video, but could also very well be on the depending source, since Eurostat and the IMF and worldbank (which is with the most outdated data) show different economic data, but imo IMF is the most reliant and consistent source out there, and it also checks out with the National Statistics Institute of Bulgaria. I would either recommend using IMF for economic data or countries' national statistics institutes
I personally believe that the first criterion is too restrictive; Wouldn't it have been sufficient to require an inflation rate no higher than the Eurozone average?
Thank you for the video. Amazing work!
What about of Romania? I heard that Romania reached the same GDP of Portugal. If Portugal has belonged to the Eurozone since the early 2000's, Romania should be near to join Eurozone, right?
I guess Romania can, but they don't want to.
It would be interesting to have a video with both perspectives on Bulgaria joining the Eurozone: the Bulgarian one as well as the European one.
I always wonder if expanding the Eurozone has an impact on the Euro and economic stability.
We would like to vote for this first.
In my opinion you should've used the inflation rates for February, not December. Otherwise, great video!
Honestly, I hope Bulgaria will join the eurozone in january of 2025! I know for a fact that they truly worked hard and put in the effort to do so and deserve this victory.
When are you gonna do an deep dive into the eu partys again?
Hope Bulgaria will join Eurozone and accept Euro in 2025!
Bravo
If Bulgaria maintained peg with DM and then EUR since the 1990s it is a no brainer that they join euro. It will simply reduce the risk profile of the country and unlock foreign investments and additional trades opportunities with the rest of the euro area.
It isn’t something as simple as declaring a peg either. We maintain a gargantuan foreign currency reserve that most countries can only dream of.
It is an active decision on Bulgaria’s part.
@@atanasarnaudov8253 Because of the gargantuan inflation of the 90's of 150% per year. So the peg was decided.
Be patient, neighbors - you don't want to be the next Greece 😂
Yes, we don't want euro.
The euro is good for big companies and convenient if you travel as a tourist. But for the normal population everything becomes more expensive. In the Netherlands everything became more expensive after the introduction of the euro.
For example, a Euro was 2.20 Dutch Guilders.
What happened to the price tags in the stores.
A product cost 5 guilders = €2.27. but on the price card it was rounded up to €2.30.
10 Guilder= €4,68 -> €4,99
25 Guilder= €11,31 -> €11,49
50 Guilder = €22,86 -> €22,99
Etc.
And then the psychological problem. Because all prices were in Euros, everything seemed half cheaper. I think it took five or six years that I kept converting everything into Guilders and Euros in my head.
When did things not become more expensive? And the netherlands has had very low inflation rates for years until the war in ukraine.
2.27 -> 2.30 - that's just 1%, nothing really
You should have seen what happened to Italy. Prices suddenly doubled while salaries went up by only 50% or so
euro means more trade, so more money to BG
Yes! Bulgaria definitely will join Eurozone in 2025.
Currently in Germany and have bulgarian currency. Will it be extremely rare?
The Euro is a double-edged sword honestly, if the Eurozone does well, then the Eurozone members benefit, but if things go awry, then everyone suffers collectively, because of somebody else. If we retain the Lev, we have a certain control and can detach from the Euro, even if the other Euro member states don't like the idea. But technically, we have the power to do it. So yeah, I'm also on the fence if it's better to go with the Euroe or stick with the Lev... But our state is clearly chasing after the Euro, so... my opinion doesn't really matter, does it? x)
🇧🇬🦁
I hope Bulgaria joins the Eurozone, but I am not optimistic about it happening in 2025.
I hope not 🇧🇬❤
As far as I know, Bulgarian govt has recently decided NOT to join the Eurozone. And I am sure there is a fair reason for any such decision. But foreign travellers may find it rather frustrating the extra doing exchanging to the country's local currency, and thus accept a certain exchange fee.
@emigratednorwegian411 there is no such design, the gove would like to join
@@emigratednorwegian411 Oh no, they have to exchange currency, the agony!
Идиот
You have merged Georgia and Belarus with RF on a map at the very beginning of the video. Since you did not forget about borders of Kazakhstan, Armenia and Türkiye, that mistakes look intended (which I believe is not the case). Also, that replacement of Cyprus does not look nice.
Regardless of the beforementioned, this is a clear and informative piece. Thank you for your work!
The tentacles of Putler reached the EU youtube channel 😭
No, thank you! 😊
Bulgaria joining the Euro Zone next year?.
That depends on Bulgaria.
But hey the more countries joining the Euro zone the better it is for the other EU countries to use the same currency without any currency swap exchange or some other registration nonsense.
Is the interest rate criteria really based on the three countries with the lowest inflation rate? I’m no economist but to me it sounds odd. I thought „best performing“ would mean the three countries with the lowest interest rates, not inflation rates 😅
Did it ever occur to you to provide these videos in other languages? I feel that among the EU-scepticists there is a higher percentage of people who don't speak English, compared to EU-proponents. Therefore, many people miss the opportunity to learn more about the EU.
We are thinking about it . Especially as a lot of our audience are Brits and Americans. Which is great but not our target audience :)
You guys are something else. "Everyone who doesn't agree with EU propaganda is a dumb peasant who only knows one language" 😂
@@Qwerty10254 Yeah...exactly what I wrote and meant.
@@MaRio-jw7fd I really feel sorry for you, must be shitty to live in your bubble
@@Qwerty10254 Thank you for your condolences, I really appreciate it!
I hope we never do - just like Denmark, Czechia , Sweden , Poland & Hungary...
I really hope Bulgaria adopt the Euro next year, but it will be really hard with the political crisis and still high inflation. 50% part of the population is against the Euro due to misinformation.
The opinion of many people in Bulgaria is formed by hearing of a cousin of the aunt of the uncle of a friend, who harvests strawberries in Western Europe and has said that the Euro is bad.
I hope so, but they should hold out till after full schengen, as a bargaining chip. I predict Romania and Poland will join by the early 2030's.
What bargaining chip most of our political elite are compradors for who it's a matter of prestige to undoubtedly obey to everything coming from Brussels
Does the EU do anything against Austria?
Of course not.
Now make a video about which countries WANT to join the Eurozone...
No euro for Bulgaria. Thanks. Why Denkmark and Sweden have not accepted it for so many years? I think they are smart.
I think it's absolutely necessary to preform a referendum about this hot topic.
They have peg their currency to the euro since ever, what s the point to keep the lev? You just pay more interest on debt and loans
Good luck, Bulgaria! I hope public opinion sways in favor of the Euro, it's good for your economic growth and integration, don't be Hungary. Here in Romania, people are 77%-80% in favor in every survey, but our politicians are far too incompetent and / or corrupt to meet the other criteria.
Can we get update on this in June?
yep. There will be an update
Bankai
I hope all eu countries adopt the euro by 2030
Yeah, hopefully
I hope so as well. But probably not
Impossible.
Poles don't want euro at all.
No, thank you from Romania. I want to improve our exports and to stabilize the national currency. The examples of Croatia and Greece are just perfect.
@@claudiu8426 Ya exactly Puck Euro ^^
The inflation index from 5% come from get on European selary level from 320.00 Euro minimal by 2020 .To 390.00 Euros by 2023 years.And stability by 2024 years ,near to Euro standart Inflation by 1.5 % by the years.That so about the Euro level standarts for Unit in European financial union. Other is that just Bulgaria change her national Value.Thank you that you read and my Business position.
Yes
Romania is not ready to join the euro zone. The fiscal world in the country is not there yet.
We got bulgaria into the eurozone before gta 6
❤❤
So it is possible! Thank you Denmark! Eurozone is not reversible - once you lose your economic independence, it is forever and looks more like a trap. We the BG would rather not go there.
As a bulgarian i hope we stay with the levs
Много коректно, обективно и информативно видео!
i wish for us to keep our Lev
I’m from Bulgaria 🇧🇬
I really hope we join the euro zone
That will be a big mistake
@@user-mf5ue6rc5n i have studied enough to say that we will benefit really much so it will not i was against the euro but after i studied the benefits of it i am for it so bro its not a mistake
hope in '25
No, Bulgaria will not join the EuroZone next year. And although I am a Bulgarian, who strongly support the adoption of the Euro, if I was a member state, observing what of a sh*t show is happening at the moment on the Bulgarian political scene, I would vote NO, for sure.
Let's goooo! Every new member state is welcome in the Eurozone
This video misses the key aspect of this country - Bulgaria is a unique case in economic history with a 25-year currency board. Bulgaria simply does not need the euro at this moment. They are practically tied to the euro, without having the obligation of a country part of the euro zone. There is no logic for them to accept the euro - they have a perfectly functioning currency board. You should make a video on this topic, although it is a very complicated subject.
What currency board? The Leva is pegged to DM since the 90's because of the gargantuan inflation related to the fall of comunism. When DM was converted into Euro, it was dirrectly pegged to Euro. Because of this Bulgaria has to have giant reserves of Euro to keep it stable and because of the peg it does not have a monetary policy itself, it has ECB's.
@@vlad-marincalota6819 That is what I say. Bulgaria does not need the euro. The country has stable macro indicators because of the board. The fasters growing economies from Eastern Europe are the ones that keep their currencies- Poland, The Cheech republic and Hungary. This is not a coincident. Why Sweden, and Denmark also keep their currencies? They don't need the euro now. In the future that may change, but not now.
Bulgarians actually wanted to have a referendum on the Euro adoption. 500,000 signatures were needed to initiate a referendum, 650,000+ were collected, but the Government dismissed it as unconstitutional, because "we had promised the EU".
The Bulgarian Government does not speak for the Bulgarian people. They are selling our country to the highest bidder and we pay the price.
In truth, the majority of the Bulgarian people wants to keep the Lev, because, if the Euro loses its value, we can peg the Lev to the Swiss franc and thus save our country from economic destruction, one we have already suffered in 1996 and 1997.
if we accept euro in 2025 it will take us probably 10 years of misery until everything is balanced
You often hear that everything has become more expensive with the introduction of the euro. For example in the last Euro member Croatia, and years ago in my country the Netherlands. Prices will also rise in Bulgaria with the introduction of the euro. So be warned Bulgarians! The euro is good for big companies, for the big money and for the dreamers of a European political superstate. The euro is bad for the common man.
The table at 1:43 is proof of why you shouldn’t join the euro zone. There’s no way a unitary key interest rate set by the ECB can be optimal for such a distribution of infaltion rates across the 20 countries in the euro zone
Bulgarias currency has been pegged to the euro for ages anyway.
Bulgaria is bound by treaties to join the Euro. So how does that factor into public support?
I agree. Look at the Brexit referendum. A complete mess because many people use referenda to address another political issue.
And Poland and Romania will?
In your opinion, when will Romania most likely join the eurozone ?
I find it kind of funny that the majority of eurozone members do not meet the inflation threshold to join the eurozone
I am Bulgarian ,and from what I see most of the people here don’t want euro by many objective reasons .We want our lev .
Comparing euro to Schengen accession is not accurate. Western EU states were / are worried about illegal immigration. The euro accession is not as sensitive politically.
The problem is the Western EU states kinda encouraged that illegal immigration. When the actual Syrian refugees came to Bulgaria after the war started, there were no issues in the west but then the famous "Habibi come to Germany" video happened and "habibi" came and we're here now. Or maybe our governments can actually stop destroying their countries so they would want to leave?
No one encouraged the Syrians
To leave their country, the war did.
Judging by whats been happening since 2015, some western european countries look like the exact opposite of being worried about illegal immigration lol
@@LucasMalki I agree because my family has suffered from something similar. Of course, not to the extend of the horrors that the Syrians suffered but I understand why they did this. I spoke regularly online with couple of Syrian guys before the war (we had similar interests) and I have nothing but respect for the Syrian nation. What they suffered was horible. Nobody runs away from the good. The problem is that many non Syrians started to portrait AS Syrians for benefits which is bad.
I hope we don't join the eurozone cuz I like our currency. I don't want us to become dependent on France and Germany
Interesting how 49% are in favor. As a Bulgarian, I haven't experienced it, but it may be the 50% against just being louder against the Euro, with the people in favor nothing doing counter petitions and etc. I don't think we will have it by 2025 for sure.
ignorance is loud like brexit was, is
Keines der EU-Länder erfüllt diese Kriterien mehr. Wo liegt also das Problem?
Let's hope not!
I want Bulgaria to join the Eurozone cause Im pro western 👍👍👍👍
You do realise what’s going to happen to Bulgaria with our leaders right?
@@Kurec3937 maybe
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That's the wrong motivation. Joining Eurozone have almost no impact for most common people 50 and over. But quite a lot of potential opportunities for younger people, future generations, small and mid size businesses.
Joining won't necessarily make Bulgaria more western. The borders will open and it will be up to Bulgaria to attract potential residents.
Traditions and way of life usually evolve very slowly, and that's also what make EU strong. The acceptance and the persistence of national identities.
Different people with different culture have different way of thinking. That's the modern way for faster breakthrough in sciences (all sciences, not just tech) and giving birth to new ideas.
We won't need to look everywhere for brains. The issue is to keep those brains in EU first.
Everything is gonna be more expensive
Yeah, I think Bulgaria will join the Euro quite soon. I think Sweden will too, in a few years time.
I hope too
realy hope thats never hapening and most people who want have no clue what will happen whit the country i was in spain when they adobted it and pricces went doble and salaries stayed the same
The EU is also working on a digital euro/cbdc. The digital euro will bring slavery. Choosing the euro is choosing the digital euro, is choosing slavery.
Hope they do after elections