Bulgaria: The Euro Is No Excuse for Budget Loosening
Mihaela Păun
Journalist Tsvetelina Sokolova from Mediapool voiced concern in an interview with BNR that the biggest danger tied to Bulgaria ’s entry into the euro area would be a loosening of fiscal discipline. According to her, should the government relax its approach to public spending , it could trigger a chain reaction that may threaten the country’s budget stability. She warned that once the euro becomes the official currency, the risk increases that more professional groups will begin demanding wage
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