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Georgi Kadiev: We are not ready for the euro, and I don't see the advantages of such a step

The banks in our country are not ready for the introduction of the euro, it is related to the introduction of new software, which costs money, said the financier

Май 14, 2024 19:37 294

Georgi Kadiev: We are not ready for the euro, and I don't see the advantages of such a step  - 1

We are not ready for the euro, we are not dealing with inflation. We are currently 3% above the threshold, if we continue at this pace we will have to wait at least another year. Gerogi Kadiev, representative of "Solidary Bulgaria", said this in the bTV studio.

No one will let us go without meeting the requirements, the ECB has never done that.

According to him, we should not enter the Eurozone at all, I do not see the advantages of such a step.

"The entry into the Eurozone will not lead to lower interest rates on loans - no, will it lead to new investors - not either. The only thing we will save are the fees when converting the money from BGN to EUR. If you turn BGN 1 million into euros, you will lose BGN 5,000, but how many people make such transactions," he pointed out.

He explained that the banks in our country are not ready for the introduction of the euro, it is related to the introduction of new software, which costs money.

"The only way to attract investors is to stop corruption. And the biggest corruption comes from the money from the European funds", said Kadiev.