Bulgaria's Place Unquestionably inside Eurozone - FinMin
Bulgaria's place is unquestionably inside the single currency and it could potentially join the eurozone within five years, the finance minister has said.
Bulgaria has frozen its application to be part of the euro, but Minister Simeon Djankov told The Times it was conceivable that it could join within five years if the currency area made further progress.
Europe's proposed Banking Union is the main topic of the interview and Bulgaria's Deputy Prime Minister argues all members must be granted equal voting status to avoid creating distortions in the financial sector.
According to Minister Djankov the voices of non-euro members such as Bulgaria needed to be properly represented within the mooted single bank supervisor to be located at the European Central Bank.
A natural consequence would be that non-euro members of the Banking Union should also gain access to the region's bailout fund during banking crises, he said.
MORE READ HERE
- » Bulgaria to Host 2015 IMF, World Bank Meeting
- » Bulgarian Finance Minister Meets IMF Representatives in Washington
- » Bulgaria's Municipalities to Get EUR 630 M Under EU Program
- » Greece Launches EUR 3 B Bond Emission on Markets
- » Romanian Senate Agrees on EUR 100 M Aid to Moldova
- » Bulgaria's Lawmakers Adopt Consumer Credit Act Amendments