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Boiko: Bulgaria has shelved plans to join the euro. (Photo: Valentina Pop)

Bulgaria shelves euro membership plans

Bulgaria has halted plans to join the euro in the latest public setback for the beleaguered currency union.

Speaking in an interview with the Wall Street Journal on Monday (3 September) in Sofia, Prime Minister Boyko Borisov and Finance Minister Simeon Djankov said the decision was the result of the debt crisis and the double dip recession facing the eurozone, along with rising public opposition to joining the single currency.

"Right now, I don't see any benefits of entering the e...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Boiko: Bulgaria has shelved plans to join the euro. (Photo: Valentina Pop)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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