On Thursday 19 June, the Eurogroup recommended that the European Council approve Bulgaria’s entry into the euro area from January 2026.
Its chairman, Paschal Donohoe, hailed “a great achievement for the people, the economy and the political leaders of Bulgaria”. Asked about a possible risk of price rises linked to the lev’s switch to the single currency, he said he understood Bulgarians’ fears. But, in his view, “being part of a strong policy like the euro, if you manage a...