Bulgaria's entry into the eurozone is not certain, even if the convergence reports of the European Central Bank and the European Commission are positive. This was explained in the studio of “This Morning“ by the Chairman of the Fiscal Council and former Finance Minister Simeon Dyankov.
He explained that surprises can be expected during the European Council, scheduled for July 8.
“There are 20 member states of the eurozone at the moment, where every prime minister can say “We like Bulgaria, but we have the following reservations“. I don't believe this will happen, but there is Robert Fico from Slovakia, who has recently been making decisions contrary to the majority on various topics," said Djankov, adding that even one vote can stumble us on the road to the eurozone.
The financier said that he did not know what was written in the reports and added that he did not believe that anyone was familiar with their content, because they were being written until the last moment. The document is expected to be ready on June 4.
„There is certainly a draft, because this report is being prepared according to a model, so this model is clear - the criteria are being looked at, and they are announced in advance - we are implementing them. What is not clear and the report will tell us is whether this implementation is stable“, the expert specified.
Dyankov expressed his surprise that the Governor of the Bulgarian National Bank Dimitar Radev commented on the topic, because this does not help the final result. In his words, if the reports are positive, the EU finance ministers should accept them.
The financier described as “a good tactical move“ President Rumen Radev's proposal to hold a referendum on the euro, although the National Assembly refused to consider it: “Only he benefits from this return. There are many fears of the people that neither the BNB nor the Ministry of Finance have answered - inflation, incomes. Now it seems that his parachute did not open, but after we enter the eurozone he will say “Did you see“.
According to him, sociological surveys in the last five countries that adopted the single European currency show that there is a misunderstanding among citizens about their money.
“A certain commotion was created from the president's point of view, the government rightly, quickly tried to cover the topic by calling on the National Assembly not to move forward. For now, this topic is closed. But after we enter the eurozone, there will be another opening“, said Dyankov.