Rightist Allies Slam Bulgaria Rulers for Giving Up Euro Bid

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The rightist Democrats for Strong Bulgaria party has criticized the Borisov government for its decision to back out of applying for the Eurozone waiting room, the ERM II, in 2010.

At a special news conference earlier on Friday, the Bulgarian PM Boyko Borisov and his Deputy, Finance Minister Simeon Djankov, announced that “hidden” public procurement contracts made by the Stanishev government had recently been uncovered, thus doubling Bulgaria’s 2009 budget deficit from 1,9% to 3,7%.

As a result, the Borisov government has given up on its intention to apply for accession to the ERM II in 2010.

http://novinite.com/view_news.php?id=115075

[SwordoftheVistula]

Because we know the common currency is doing oh so splendidly at the moment