Bulgaria's outgoing President Georgi Parvanov called for a debate in his country about Friday's EU Council decisions regarding the fiscal discipline in the bloc.

Parvanov declared he was willing to "actively participate in the formation of Bulgaria's stance on all these issues".

"We are late, but the debate on Friday's EU Council decisions had to be launched today," he demanded.

On Friday, it became clear that Bulgaria will fully implement the main measures envisaged in the EU new fiscal compact by March 2012.

Twenty three states - all seventeen eurozone members and six other EU nations, including Bulgaria - agreed to adopt an accord with penalties for breaking deficit rules in a bid to tighten fiscal discipline in the eurozone and tackle the bloc's debt problems.

Bulgarian Prime Minister Boyko Borisov already pledged that his country will be ready by March 2012 with constitutional amendments in order to implement the measures.

According to Parvanov, however, no decisions should be taken which may prevent future governments from being able to carry out efficient financial policies.

The decisions in the EU are taken in a very closed circle and Bulgaria does nothing but agree with decisions already announced, which does not make Europe more competitive, the Bulgarian President has claimed.

Parvanov, whose second and last term in office, has expressed his concern that Friday's decisions may result in a "harsh political winter for all of us", posing the question what Bulgaria's stance is in the current situation.

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