Europe

The days of the Bulgarian lev are numbered! Bulgaria wants to introduce the European single currency, the euro, in January. The reform efforts are paying off: The European Commission, central bank and EU finance ministers have given the green light. Bulgaria meets all the conditions for the euro:Consumer prices are rising only slowlyThe budget deficit is lowPublic debt is one of the lowest in EuropeLong-term interest rates are stableNevertheless, many Bulgarians are afraid of inflation – even though the euro is one of the most stable currencies in the world. 66 percent believe that Bulgaria is not yet ready. Bulgarian ultra-nationalists and…

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