EU Bank’s Chief Comments On Bulgaria’s Inflation Concerns As Nation Preps To Adopt Euro As Currency #HindustanTimes
EU Bank’s Chief Comments On Bulgaria’s Inflation Concerns As Nation Preps To Adopt Euro As Currency
European Central Bank President Christine Lagarde praised Bulgaria’s adoption of the euro, calling it a “gain of sovereignty, not a loss.” Speaking in Sofia, Lagarde said joining the eurozone gives Bulgaria a “seat at the table” in shaping Europe’s monetary policy, ending decades under a currency board system. She acknowledged public worries about price increases, noting that past euro transitions saw only minor rounding effects that “happen once and go away.” Lagarde also highlighted benefits such as lower financing costs, stable prices, and greater competitiveness for small businesses, predicting higher living standards for all Bulgarians.
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