Bulgaria Gets Green Light for Eurozone

[polonieth]

Bulgaria has officially received the green light to adopt the euro on January 1, 2026, according to the latest ECB Convergence Report (2025).

"This favorable assessment reflects Bulgaria’s strong commitment to the required reforms,”
, Philip R. Lane, ECB Executive Board member

The ECB and European Commission concluded that Bulgaria now meets all convergence criteria:

• Inflation: 2.7% (below 2.8% threshold)
• Budget deficit: 3.0% of GDP (meets the limit)
• Public debt: 24.1% of GDP (way under 60% limit)
• Interest rates: Averaged 3.9% (under 5.1% threshold)
• Currency: Stable in ERM II since 2023, fixed rate maintained
• Legal alignment: Bulgarian laws now comply with EU treaties

Cooking the books of course, but Bulgaria is in good shape regarding debt to GDP ratio due to the currency board. The Eurozone means that it goes, so it is open season for politicians lining their pockets.

I hope Bulgarians resoundingly reject this; it's worthy of a revolution. The Eurozone is like the Hotel California, you can check out any time you like, but you can never leave. It will be a disaster for the country. Sad to see, to be honest, as it's a great place.

 

[Aetherial]

We've seen what happened to Croatia, life became way more expensive. I wish them good luck.

 

[marioIT]

R.I.P. , not going to be a cheap and reasonably free country anymore european entrepreneurs will have to move further east to find cheap countries to run and grow their businesses...
there are still ways to make money even on news like this, but ultimately it destroys any advantages it had till now.

 

[Alonzo]

Bulgarians have no clue that life will be a lot more expensive with the euro currency…

 

[polonieth]

Bulgarians have no clue that life will be a lot more expensive with the euro currency…

Oh they do, the majority of the population are against it. Which is why they want a referendum.

Yet the govenrment thinks that a referendum is "unconstituional"

Like I say, it needs a revolution.

 

[Alonzo]

Oh they do, the majority of the population are against it. Which is why they want a referendum.

I thought most of them were europhiles… let’s hope that the citizens have a say otherwise Romania will be left being the cheapest and low tax EU country

 

[polonieth]

You would get that impression from Reddit for sure. The European Union is popular amongst the Sofia IT crowd, which mainly consists of quad-vaxxed 20s and 30s men who spend their days coding and wanking themselves into oblivion via their favourite OnlyFans girls. They buy most state-led propaganda due to testosterone deficiency

But amongst the working people, they don't want the Euro.

 

[AtlasShrugged]

Romania will be left being the cheapest and low tax EU country

Certainly the cheapest, but it's not a low tax country any longer. The government there change the tax codes every single year, and not for the better obviously.