Could Bulgaria Face a 'Greek Scenario' After Adopting the Euro?
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
Greece submitted on Tuesday a new proposal to its international creditors in a last-ditch attempt to prevent the country from defaulting on its IMF debt payment, which falls due later on Tuesday.
It still remains unclear how the creditors will respond to the latest proposal, which comes several hours before the deadline for making an IMF debt repayment amounting to EUR 1.6 B expires.
The Greek government announced that it made a proposal for a two-year deal with the European Stability Mechanism (ESM) to fully cover its financial needs and with parallel debt restructuring.
The government assured that Greece remained at the negotiating table and would always seek a “viable solution to stay in the euro”, Greek daily Kathimerini reported.
Croatia is reintroducing mandatory military service after a 17-year break, with the government unveiling a new law that will reinstate basic training for young men starting no later than January 2026
A strong earthquake struck southwestern Turkey during the early hours of Tuesday
Macedonian Prime Minister Hristijan Mickoski accused Bulgaria of attempting to portray the people of North Macedonia as an “artificial nation”
Early this morning, an explosion rocked the Krušik defense plant in Valjevo, Serbia, resulting in five people sustaining minor injuries
The Patriarchate in Belgrade has accused Bulgaria of genocide against the Serbs in "Vardar Serbia", pointing to the systematic extermination of entire Serbian families with the aim of eradicating the Serbian national spirit
In Greece, the housing crisis is becoming more severe, with the government now considering the introduction of a punitive tax on owners of vacant properties
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