EUROZONE AT LAST: Bulgaria Secures Full Membership, Euro Becomes Official Currency in 2026
Bulgaria has officially joined the eurozone and will adopt the euro as its national currency on January 1, 2026
Upon the recent news concerning the resignation of Greek Finance Minister Yanis Varoufakis, a number of EU leaders have stated their opinions.
Meanwhile, discussions on the Greek referendum results and the best steps forward in the Greek fiscal crisis are taking place all over Brussels.
Reportedly, Greek PM Alexis Tsipras has already been on the phone with President of the European Central Bank (ECB) Mario Draghi regarding the situation, Reuters reported. The former is also expected to hold a talk with Russian President Vladimir Putin later on Monday.
Spain’s Economy Minister Luis de Guindos has stated his opinion that Greece should remain a part of the Eurozone and that the Spanish government will be willing to participate in the negotiations for a possible third bailout package, The Guardian reported.
Meanwhile, ECB member and President of the National Bank of Austria’s Ewald Nowotny said that any new Greek deal will take more time. He noted that in his view reaching an agreement within two days would be hard to imagine.
European Commissioner for the Euro and Social Dialogue Valdis Dombrovskis made a statement at a news conference in Brussels, saying that the European Commission ‘’takes note of the result of the referendum in Greece’’. However, in order for the negotiations to continue, a mandate from the Eurogroup needs to be assigned.
The United States is reinforcing its military footprint in the Eastern Mediterranean by heavily fortifying the naval base at Souda Bay, located on the Greek island of Crete
A state of emergency has been declared in the area surrounding the large wildfire near Ierapetra on the Greek island of Crete
A full blockade of several major Serbian cities was launched on the morning of July 4 in protest against police violence
Romania is facing a severe financial crisis
North Macedonia's Prime Minister Hristijan Mickoski has sharply criticized the latest developments in the European Parliament, accusing it of erasing Macedonian identity and language in what he described as a "Taliban-style" move
A large forest fire broke out near the town of Vourvourou on the Sithonia peninsula in Halkidiki, an area known for campsites and holiday homes
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe