Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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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