Today's Quote

Quotes | December 17, 2012, Monday // 13:18| Views: | Comments: 1
  • Send to Kindle
Bulgaria: Today's Quote Photo by BGNES

"Bulgaria has a system, which is working perfectly right now. Why do you want to fix something that's not broken?  I don't think you should be in the euro zone, period.

Bulgaria's monetary arrangement is much better than Europe's monetary arrangement. You have monetary sovereignty; you have control over your money. What if the euro blows off? Bulgaria can just switch to the US dollar!"

Steve Hanke, Professor of Applied Economics at The Johns Hopkins University in Baltimore, Maryland, USA and a Senior Fellow at the Cato Institute in Washington, D.C., USA, speaking to Bulgaria's private bTV channel

Quotes » Be a reporter: Write and send your article
Tags: Steve Hanke, Bulgaria All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (1)
mattbg - 20 Dec 2012 // 10:08:39

but why would they switch to the US dollar when they're pegged to the deutschmark and not the euro anyway?

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria