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News from 2019-09-25 / KfW Research
Bulgaria plans to join the euro – is the Southeast European EU country ready?
Bulgaria has positioned itself to entering the Exchange Rate Mechanism II and ultimately to joining the euro. The EU country has long fulfilled the Maastricht convergence criteria. It also passed a recent ECB stress test which put the country's most important banks through their paces. But in order for its accession to the euro area to be crowned with success, Sofia still needs to make improvements in some areas.
Bulgaria plans to join the euro – is the Southeast European EU country ready?