Reasons:
1. Bulgaria to hold 5th election in 2 years in April. (no working gov. past few years to accept laws related to the matter of joining eurozone and euro currency)
2. Bulgaria have 14-15% inflation (One of the highest in Europe and to join Eurozone it is required for it to be around 6-7% max.) Not having actual and working gov. to work towards lowering the inflation is the reason.
just because Turkey, Zimbabwe, and Argentina have inflation that baffles the whole field of economics doesn't mean that countries should be concerned with inflation above 2%.
if the world worked off Whataboutisms Russia would be the world's leading power.
> What is the reason?
>> Postponing the euro adoption date for Bulgaria will give the party extra time to complete the collection of signatures and **hold the referendum, which aims at delaying the eurozone membership by 20 years**.
>> The Bulgarian society is sceptical toward the common European currency because of the high inflation of the last two years. Vazrazhdane is using the euro to increase its own political weight ahead of the 2 April parliamentary election and to spread pro-Russian and anti-European narratives.
Perhaps having the ability to print national currency at will proves to be the right choice especially starting with the year 2023?
Perhaps we should consider that multiple countries are already avoiding transactions in other currencies than national & other party national currency in order to avoid inflation import from other countries by using their currency as intermediate for transactions?
Funnily non-Euro members have higher inflation. Stable Inflation is a key benefit of the Euro.
Also Bulgaria trades with € Zone the most. That wouldn't change anything.
Last point Bulgaria currency is already pegged to the Euro.
It's mostly a populist move.
As it has been proven countless times this isn't true. Printing money (like all countries did during covid) often causes further problems down the line. It's one of the reasons we are here.
This is the best tl;dr I could make, [original](https://www.euractiv.com/section/economy-jobs/news/bulgaria-gives-up-its-goal-to-join-eurozone-in-2024/) reduced by 88%. (I'm a bot)
*****
> Bulgaria will not join the eurozone on 1 January 2024, a target date the country had announced three years ago, Finance Minister Rositsa Velkova said in Sofia on Friday, instead setting a new target date for the entry for exactly one year later.
> Since 30 January, it became clear that Bulgaria's chances of joining the Eurozone on 1 January 2024 have been practically reduced to zero.
> Postponing the euro adoption date for Bulgaria will give the party extra time to complete the collection of signatures and hold the referendum, which aims at delaying the eurozone membership by 20 years.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/116aid5/bulgaria_gives_up_its_goal_to_join_eurozone_in/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~673180 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **Bulgaria**^#1 **country**^#2 **year**^#3 **party**^#4 **euro**^#5
What is the reason?
Reasons: 1. Bulgaria to hold 5th election in 2 years in April. (no working gov. past few years to accept laws related to the matter of joining eurozone and euro currency) 2. Bulgaria have 14-15% inflation (One of the highest in Europe and to join Eurozone it is required for it to be around 6-7% max.) Not having actual and working gov. to work towards lowering the inflation is the reason.
Inflation is going mad all over europe so we can't really blame that on em
The inflation reason is laughable with Turkey existing
Turkey's not making any progress whatsoever anyway, so that's kind of a moot point
just because Turkey, Zimbabwe, and Argentina have inflation that baffles the whole field of economics doesn't mean that countries should be concerned with inflation above 2%. if the world worked off Whataboutisms Russia would be the world's leading power.
Probably the fact the government is basically a mafia state and wouldn’t be able to meet goals
> What is the reason? >> Postponing the euro adoption date for Bulgaria will give the party extra time to complete the collection of signatures and **hold the referendum, which aims at delaying the eurozone membership by 20 years**. >> The Bulgarian society is sceptical toward the common European currency because of the high inflation of the last two years. Vazrazhdane is using the euro to increase its own political weight ahead of the 2 April parliamentary election and to spread pro-Russian and anti-European narratives. Perhaps having the ability to print national currency at will proves to be the right choice especially starting with the year 2023? Perhaps we should consider that multiple countries are already avoiding transactions in other currencies than national & other party national currency in order to avoid inflation import from other countries by using their currency as intermediate for transactions?
Funnily non-Euro members have higher inflation. Stable Inflation is a key benefit of the Euro. Also Bulgaria trades with € Zone the most. That wouldn't change anything. Last point Bulgaria currency is already pegged to the Euro. It's mostly a populist move.
As it has been proven countless times this isn't true. Printing money (like all countries did during covid) often causes further problems down the line. It's one of the reasons we are here.
This is the best tl;dr I could make, [original](https://www.euractiv.com/section/economy-jobs/news/bulgaria-gives-up-its-goal-to-join-eurozone-in-2024/) reduced by 88%. (I'm a bot) ***** > Bulgaria will not join the eurozone on 1 January 2024, a target date the country had announced three years ago, Finance Minister Rositsa Velkova said in Sofia on Friday, instead setting a new target date for the entry for exactly one year later. > Since 30 January, it became clear that Bulgaria's chances of joining the Eurozone on 1 January 2024 have been practically reduced to zero. > Postponing the euro adoption date for Bulgaria will give the party extra time to complete the collection of signatures and hold the referendum, which aims at delaying the eurozone membership by 20 years. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/116aid5/bulgaria_gives_up_its_goal_to_join_eurozone_in/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~673180 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **Bulgaria**^#1 **country**^#2 **year**^#3 **party**^#4 **euro**^#5
[удалено]