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Economist on the Eurozone: The benefits far outweigh the risks

The problem is that there was no active information campaign and the benefits were not explained. No one says how much the currency board costs, and its maintenance is extremely expensive

There are many more benefits from adopting the euro, the risks are often exaggerated. This was said in the program "From the Day" on BNT by economist Evgeniy Kanev.

The problem is that there was no active information campaign and the benefits were not explained. No one says how much the currency board costs, and its maintenance is extremely expensive, Kanev said.

The other guest in the studio – economist Kuzman Iliev, stated that our entry into the eurozone will lead to huge financial abuses in our country.

The abuses are huge, without being in the eurozone, from now on we will be provided with more means of control, Evgeniy Kanev pointed out in response.

Citizens must say whether they are satisfied with how the European Central Bank has dealt with inflation and how it has directed money towards the green deal. Now a greater danger is ahead - the digitalization of money. Everyone's transactions will be monitored. The digital euro means very easy militarization. Why don't we look at the real economic situation and decide based on it? Why don't we ask people democratically? An authoritarian act was committed today. The parties are kicking their work books because they don't want to ask the people who elected them to parliament, Kuzman Iliev commented in connection with the return as inadmissible by the Speaker of the National Assembly Natalia Kiselova of President Rumen Radev's proposal requesting a referendum on the country's entry into the eurozone.

What I heard is not true, emphasized Evgeniy Kanev. I do not blame people who are afraid of the euro, as of any new thing. Starting with migrants, Norwegians who will take our children, etc., there is always someone who stirs up spirits in order to push some foreign agenda. 40 top lawyers said that the request for such a referendum is absurd. The problem is the fact that this fear neurosis has been created in Bulgaria, the economist emphasized.

In his words, with the entry into the eurozone Bulgaria will have a stable economic system, independent of the political body. For 25 years. "Since the eurozone's existence, there has not been a single country that has asked to leave it. People should not be afraid of propaganda," Kanev also said.