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Dear Migeru, certainly if the accession has a negative impact on the standard of living, it will not be only because of the Euro. Rather, I argue that with an unstable economy like the Bulgarian, the change of currency may lead to a difficult period.If Bulgaria has the necessary macroeconomic conditions,as you have suggested, the adoption of the Euro will not have a negative impact, especially in the long run. However, my argument is based on the conviction that the Bulgarian economy is not ready yet to sustain this change of currency.And even if only the prices of small items are turned directly into Euros, it may be a problem, at least in the short run.
by hitchhiker on Mon Mar 6th, 2006 at 12:14:36 PM EST
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But the Euro won't be introduced for at least 10 years after accession, given the macroeconomic conditions. The Euro has nothing to do with whether or not accession is a good thing.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Mar 6th, 2006 at 12:31:05 PM EST
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Footnote on this discussion: a way to stop the up-roundings was invented and just implemented by Slovenia: to force sellers to show prices in Euro and Tolar years before adopting the currency.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon Mar 6th, 2006 at 07:04:55 PM EST
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