Bulgaria’s Accession to The Eurozone of The European Union
Authors:
Krum
Ovcharov
Embassy Of The Republic of Bulgaria
Pages:
147-
155
Abstract:
Bulgaria’s accession to the EU requires efforts to be a full member. Full membership includes the presence of the internal market and participation in EMU as an essential element joining the ERM II. EMU represents a higher degree of economic integration requiring the introduction of the single currency. In recent years the state of the economies of the EU strongly influenced by global financial crisisFurthermore, it should consider the economic situation of EU countries that have not yet adopted EMU , among them Bulgaria . On the agenda is the implementation of the willingness of the country to adopt the euro as sole legal tender . However, this can only be done in the way of the steps go before that of the other member states of the eurozone.
Keywords:
Eurozone, European union, Economic and monetary union
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