Welcome, Bulgarian brothers. I hope this helps your economy. In Spain, despite some problems, the euro has helped us to strengthen tourism and has attracted a lot of investment from the rest of the EU.
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german here. open arms for bulgaria. i heard only good from you. someday i will visit the amphitheater of serdica and hike your forests.
I see so much disinformation and fake pro Russian news and bots. It’s insane, instagram and X should be banned. TikTok as well and we should have EU social media platforms. With good privacy and AI regulations.
Could someone confirm to me that a move to the eurozone is typically GOOD for countries where fiscal imprudence and corruption is a thing? I'm a Romanian wishing we'd join the Eurozone too, but the country would probably melt down if we tried, as both politicians and Eurosceptics seem quite against it
Extrapolating from other countries who did the move the EUR adoption brings slight inflation in the short-term but long-term much easier access to investments from the rest of Europe, easier trade, as well as an uptick in tourism-related spending (mostly from EUR-using European tourists).
I don't know much specifically about Romania, but as all other Eurozone members the country would certainly benefit from reduced transaction costs, which makes cross-border trade easier. This also tends to support investments in the country (both from within the Eurozone and from abroad), and it may bring increased price stability (particularly for countries with weaker economies).
Eurozone membership also means being part of the European Stability Mechanism. This creates a higher degree of financial stability for members, particularly in times of a crisis, as it provides a source of funding that countries may not have otherwise.
These would be my two cents.
What are the reasons that politicians in Romania are hesitant to join the Eurozone?
What are the reasons that politicians in Romania are hesitant to join the Eurozone?
Well... Take a guess why pro-Russian politicians are the ones loudly against it and why Russian-financed desinformation campaigns are targeting the poor/rural population with horror-stories of high-inflation caused by the Euro...
The government already fell so there's no government to fall as a result of the short-term inflation early next year. 😆 We'll see how that impacts the next election.