News tagged "exchange rate mechanism"
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The Bulgaria 2010 Review: Finance
Bulgaria's Finance Minister Simeon Djankov. Photo by BGNES Bulgaria's center-right government revived its plans to apply to join the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, after it was forced to drop the euro bid in April this year over a larger than expected 2009 deficit.
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Bulgaria and the Eurozone
Bulgaria's center-right government revived its plans to apply to join the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, after it was forced to drop the euro bid in April this year over a larger than expected 2009 deficit.
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Bulgaria's FinMin: Euro Adoption Not Yet Off the Table
Bulgaria 's planned application to join ERM II, the exchange-rate mechanism that aspiring euro-zone members must join before adopting the common currency, was "not yet off the table" although chances "now are a lot dimmer," the finance minister has said.
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Bulgaria drops plans for early eurozone entry
Bulgaria 's centre-right government on 9 April abandoned plans?to join the bloc's exchange-rate mechanism, ERM II, after the country recorded a larger-than-expected deficit in 2009 as a result of unaccounted procurement deals signed by the previous socialist-led cabinet. Dnevnik, EurActiv's partner in Bulgaria , reports.
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Bulgaria admits to lies with budget revision
Buisnessweek - Bulgaria scrapped its bid to apply for the pre-euro exchange-rate mechanism after finding lies in budget data that forced a revision of the 2009 deficit beyond European Union limits.
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Bulgaria Revises 2009 Deficit, to Delay Application for ERM
April 9 (Bloomberg) -- Bulgaria will scrap its intention to apply to the pre-euro exchange-rate mechanism after revising upward its 2009 budget deficit to 3.7 percent of gross domestic product, Prime Minister Boiko Borissov told reporters in Sofia today.
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Bulgaria Gives up Euro Bid on Hidden Deficit
Bulgaria 's center-right government abandoned plans on Friday to apply to join the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, over a larger than expected 2009 deficit caused by unaccounted procurement deals, signed by the previous Socialist-led cabinet.
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FinMin: Bulgaria Euro Adoption in 2010 Mission Impossible
Bulgaria 's aspirations to join the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, will not be rewarded this year, the finance minister has admitted....
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Roubini: Bulgaria Euro Adoption Likely in 2014 Earliest (Novinite.com)
European Union member Bulgaria will not manage to restore its economic growth before 2011 and can only see its aspirations for joining the bloc's exchange-rate mechanism, the so-called eurozone waiting room, the same year at the earliest, according to analysts at Roubini Global Economics.
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Bulgaria Euro Craze Dooms It to Recession - German Analyst (Novinite.com)
Bulgaria has weak chances for joining the bloc's exchange-rate mechanism, the so-called eurozone waiting room, and making this top priority dooms it to a recession, a German analyst has commented.
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Bulgaria's ERM II Dreams ???Dimmed??? (Novinite.com)
Bulgaria is weakening its chances for joining the bloc's exchange-rate mechanism, the so-called Eurozone waiting room, and can adopt the single currency no earlier than 2015, an analyst says.
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Bulgaria Tells Germany Euro Plans Firm (Novinite.com)
Bulgaria's Finance Minister Simeon Djankov has confirmed in Germany that the country will apply this year to join the exchange-rate mechanism, the two-year currency stability test prior to euro adoption.
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Germany Vows Objectivity on Bulgaria Euro Bid (Novinite.com)
Germany will be objective in its support for Bulgaria's application to join the exchange-rate mechanism, the two-year currency stability test prior to euro adoption, German Chancellor Angela Merkel said.
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Bulgaria Says Euro Bid Top Foreign Policy Priority (Novinite.com)
Bulgaria's application to join the exchange-rate mechanism, the two-year currency stability test prior to euro adoption, is the top priority of its foreign policy for the next six months, the finance minister has said.
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