MP: Euro Adoption Can Boost Incomes in Bulgaria - Lithuania Proves It Works
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Member of Parliament Stanislav Balabanov from the party "There is Such a People" (TISP) pointed to Lithuania as a successful example of a country that transitioned to the euro after having a currency board - just like Bulgaria. Speaking on Nova TV, Balabanov said that within five years of joining the eurozone, Lithuania saw a 115% increase in incomes and a modest inflation rate of 2.2%. He questioned what exactly the lev had done for Bulgaria ’s poorest regions, particularly the Northwest, and
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