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Some Consequences Of Bulgaria’S Non-Membership In The Euro Area

Author

Listed:
  • Krasimira NAYDENOVA

    (University of Economics)

Abstract

The accession of Bulgaria to the Eurozone has been a problem for 10 years now, and the non-persistent attempts of the Bulgarian governments have faced the organized opposition of the European institutions. The rules for adopting the European currency are known, but they seem unread, and the political interpretation of the full-scale criteria has placed Bulgaria outside the “inner” European club. The deprivation of our country from Eurozone membership has not only social or political, but also financial consequences. The annual losses are significant and the national economy, financial markets and society remain only partially integrated.

Suggested Citation

  • Krasimira NAYDENOVA, 2018. "Some Consequences Of Bulgaria’S Non-Membership In The Euro Area," Economics 21, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 166-180.
    • Handle: RePEc:dat:econ21:y:2018:i:2:p:166-180
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    File URL: http://hdl.handle.net/10610/4028
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    More about this item

    Keywords

    Eurozone; European Union; euro; interest rate; government debt;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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