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Yannis Stournaras: The joining of Bulgaria in the euro zone will be beneficial for everybody

22 January 2010 / 23:01:02  GRReporter
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What is your personal prognosis for the progress of the euro zone? When do you expect the joining of new countries to the common European currency and more precisely Bulgaria and how do you think this would affect the local economy?

            - I would like to believe that Bulgaria will join the euro zone as soon as possible. I find the spread of the euro in countries like Bulgaria to be beneficial. It will affect positively not just the European Union, but also the countries with smaller markets. Despite of the fact that in the first two to three years it is possible to observe low or even negative economic growth, in the long term the introduction of the common European currency will set credibility and fiscal stability of the local economies.

Tags: SocietyPoliticsEconomy
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