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Prof. Durankev: 2026 seems achievable for the entry into the Eurozone, especially if inflation goes down

There is no need to rush and fumble to literally enter the Eurozone, given that a lot of changes need to happen there in order to stabilize the euro itself and have greater authority, explained the economist

Sep 7, 2024 08:53 274

Prof. Durankev: 2026 seems achievable for the entry into the Eurozone, especially if inflation goes down  - 1

Change is already knocking on the door, and this change will most likely come next year. A complete change of Bulgaria is necessary: political, economic and social-integration, because the Bulgarian society has collapsed and the public consensus has completely decayed. This is what he said in the program "Bulgaria, Europe and the world in focus". on Radio "Focus" the economist Prof. Boyan Durankev.

In his words, if there is no change, unfavorable processes will begin to develop, such as the delay of the so-called European integration processes – the process of joining the Eurozone, the process of synchronizing laws. This, according to him, leads to the final collapse of public consensus and the creation of complete social nihilism, which Prof. Durankev defined as the second negative process. "We have a rift between the Eurosceptic and Euro-Atlantic camp in Bulgaria, and there is a very high potential for the Eurosceptic parties to become a governing factor in the future," he added.

As a third negative feature, the economist identified the slowdown in economic development thanks to unstable governance and ongoing corruption, which leads to a complete increase in disillusionment with politics and a loss of trust on the part of voters. " "The division in society gives a very small chance of unity inside, in the parliament," he clarified and explained that the change will occur when at least 1/3 of the people in the National Assembly are people from the 90-95% who are humiliated and harmed by the Transition, not 100% almost people who benefited from the Transition.

According to him, 2026 looks like an achievable year for Bulgaria to join the Eurozone, especially if inflation in the country decreases. The economist also pointed out that there is no need to rush and "another free year for Bulgaria with the Bulgarian lev does not sound extremely alarming." "There is no need to rush and struggle to literally enter the eurozone, given that there needs to be a lot of changes in order to stabilize the euro itself and have greater authority, Prof. Boyan explained Durankev.