Bloomberg News

Bulgarian President Says Euro Will Be Adopted, Die Welt Reports

July 12, 2012

Bulgaria’s President Rossen Plevneliev said his country will adopt the euro as its currency in the future, Die Welt reported, citing an interview.

The euro must survive and the expansion of democracy in eastern Europe must continue, the newspaper cited Plevneliev as saying. The “right recipe” for Europe is fiscal discipline and structural reforms for more competitiveness and growth, he told Die Welt, adding that Bulgaria’s budget deficit is likely to fall below 1.6 percent of gross domestic product this year.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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