/ world as we speak information/ It will be significant for Bulgaria to grow to be a part of the financial union and to be on the core of constructing European insurance policies
“It will be significant for Bulgaria to grow to be a part of the financial union and to be on the core of constructing European insurance policies. Nevertheless, the fears of Bulgarian residents relating to the entry into the Eurozone are many, as a result of folks don’t perceive what’s the advantage of it.” This was mentioned by the deputy chairman of the PG of “BSP for Bulgaria” Dragomir Stoynev on the discussion board “Bulgaria within the Eurozone. Financial logic in opposition to myths” organized by Sergey Stanishev and Eva Maydel. He added that, sadly, 10 years after 2008, it isn’t sufficient to meet solely the nominal standards for coming into ERM-2 and the Eurozone. “European international locations already need reforms and sooner or later the pension system, schooling, healthcare and the labor market don’t put such strain on the fiscal coverage,” added Stoynev. He additionally mentioned that one of many foremost causes for not being a part of the Eurozone is poverty and it prevents us from coming into this membership of the wealthy. “A complete reform of the labor market is required, it isn’t sufficient to say that unemployment is 6%, as a result of there are various low-skilled staff in Bulgaria, who will put strain on our fiscal coverage sooner or later,” Stoynev was categorical. He additionally mentioned that the European Financial Union has been reformed and it’s important now to take concrete steps for our acceptance into it. “If this doesn’t occur, after 2025 it would repel these international locations like Bulgaria and the actual risk to two-speed Europe will likely be a reality,” defined Dragomir Stoynev.
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