The Euro Effect: Austria’s Economy, Nostalgia, and the Path Ahead for Bulgaria

Bogdan Hofbauer

Austria ’s transition from the schilling to the euro offers a revealing example for Bulgaria , which is set to adopt the single currency in less than three months, Nova TV reports. The move from the schilling , a currency deeply ingrained in Austrian identity, came after a referendum in which 64 percent of citizens voted in favor of joining the European Union. While no separate poll specifically addressed the euro , giving up the schilling was challenging for many. Known for its stability, the

Tag-uri: Referendum Austria

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