From Euronews
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Thousands of individuals took to the streets in Bulgaria on Saturday, asking the federal government to protect the nation’s foreign money, the Bulgarian Lev and don’t enter the euro space.
In the capital, Sofia and varied different cities, the occasions in opposition to the introduction of the euro foreign money have began at midday. The protests had been organized by the UltraNationalist Revival Party and by varied NGOs.
They imagine that if Bulgaria enters the euro space, the costs improve and the nation’s financial sovereignty will probably be restricted and desire a referendum to be held on the matter.
“The revival Bulgaria has a will of the folks and the need of the folks now categorically says: we are not looking for the Bulgarian lev to be destroyed, we wish to protect the Bulgarian foreign money, we wish to protect the liberty of Bulgaria. And that’s the reason we wish such a referendum to be held”, mentioned the chief of the Revival KostaDinov get together.
The president of Bulgaria Rumen Radev has not too long ago submitted a request to Parliament to maintain a referendum on the truth that the nation adopts the euro as foreign money.
In 2024, the European Central Bank mentioned that the nation couldn’t but be a part of the foreign money union as a result of inflation within the nation was too excessive.
The seven non -Eurozone members of the EU are Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania and Sweden. They proceed to make use of their nationwide currencies, though everybody besides Denmark – who has received an OPT -out -out clause – are compelled to affix as soon as they meet the Euro convergence criteria.
Bulgaria has set a aim to affix the euro space ranging from 2026.
