Last news in Fakti

Georgi Kadiev: We are on the Gray List for money laundering, this is enough reason to deny us entry into the Eurozone

It is not normal for the people who were close to Kornelia Ninova and implemented her policy to unite on the left, he pointed out

Jun 27, 2024 10:12 69

Georgi Kadiev: We are on the Gray List for money laundering, this is enough reason to deny us entry into the Eurozone  - 1

It is in Borisov's interest to exhaust everyone and go to elections. This is what Georgi Kadiev, former deputy finance minister, part of the "Left" stated before the BNR.

"He's just looking for someone to blame. Borisov understands that he cannot stick to Peevski. He doesn't want to be dependent on DPS and I think we will go to elections".

There is no way for everyone to unite against GERB and DPS, as proposed by "Vazrazhdane", Kadiev also pointed out.

It is not normal for people who were close to Cornelia Ninova and implemented her policy to unite on the left, he also pointed out.

"First the BSP must fix its internal problem".

The former Deputy Minister of Finance commented on the news that Bulgaria is not ready to enter the Eurozone.

Two reports by the EC and the ECB found this. It's about inflation related issues.

"The conversation is not about whether we want to enter on the first of January or the first of July, but how ready we are and how much it makes sense. Besides not being ready, it's not nice to go in earlier than we have to".

Kadiev commented on the words of the governor of the BNB, who believes that the admission of Bulgaria to the eurozone in 2025 is possible "if we have a pro-European government with broad support and a broad horizon of action".

"He's setting the stage to explain why it didn't happen in 2025.

I will say that we are simply not ready and there is no point in ecstatically beating the drum about how good it is to enter the middle of the year. You don't get in the middle. There is no such case so far.

Until the average income of the population reaches 80% of the European average, we should not enter the Eurozone. Along with it goes inflation and there must be some reserve. We are moving in the right direction. We are currently at 64%.

It is an illusion that by entering, something terribly good will happen. The growth of the economy is the most important thing. The tax system must also be redesigned.

Even if these two reports were positive, they would not necessarily accept us, because the decision is made by the Council of Ministers, he further explained

"We are on the Gray List for money laundering. That is reason enough to reject us. We don't even have a regular government. Why do we claim to be ready for the Eurozone?"

If I had to bet – rather, I would expect us to enter in 2027, but this does not mean that we should sleep on the chance for 2026, Kadiev said.

He explained that Croatia has passed a law according to which 9 basic foods have regulated prices for the first 6 months after adopting the euro, as well as a law capping fuel prices. These are anti-speculation measures. Kadiev believes that our parliament can accept similar ones.