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Thursday 13 August 2009

Euro currency news


Just read that Bulgaria may well not enter the Euro till 2015.This is bad news as it appears the political will is not there to meet the currency criteria on time.Inclusion in the Eurozone is a pretty much copper-bottomed guarantee of economic stability and Bulgaria should be aiming for adoption in 2013.As it is the Lev is very over-valued against the Euro at the fixed rate of 1.955 and this affects the Tourist trade and exports.

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