Search results
Results from the WOW.Com Content Network
The date of accession, 1 January 2007, was set at the Thessaloniki Summit in 2003 and confirmed in Brussels on 18 June 2004. Bulgaria, Romania and the EU-25 signed the Treaty of Accession on 25 April 2005 at Luxembourg's Neumuenster Abbey. The 26 September 2006 monitoring report of the European Commission confirmed the entry date as 1 January ...
A 2008 analysis said that Bulgaria would not be able to join the eurozone earlier than 2015 due to the high inflation and the repercussions of the 2007–2008 global financial crisis. [12] Some members of Bulgarian government, notably economy minister Petar Dimitrov, speculated about unilaterally introducing the euro, which was not well-met by ...
Until Bulgaria could hold these elections, the country was represented by MEPs appointed by the National Assembly. The top two parties – GERB and Bulgarian Socialist Party (BSP) – won 5 seats each, followed by the Movement for Rights and Freedoms (DPS) with four, Ataka with three, and National Movement Simeon II (NDSV) with one.
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
Public debt $ and %GDP (2010) for selected European countries Government debt of Eurozone, Germany and crisis countries compared to Eurozone GDP. The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s that made it difficult or ...
For premium support please call: 800-290-4726 more ways to reach us
Since the financial crisis of 2007–2008, the eurozone has established and used provisions for granting emergency loans to member states in return for enacting economic reforms. [15] The eurozone has also enacted some limited fiscal integration; for example, in peer review of each other's national budgets. The issue is political and in a state ...
January 1: The Bulgarian political party Citizens for European Development of Bulgaria, which had only been founded on 2006-12-03 by Sofia mayor Boyko Borisov, instantly comes second in a public poll on party support, trailing only the Bulgarian Socialist Party. [1] January 1: Bulgaria and Romania join the European Union. [2] [3]