Bulgaria able to join ERM II in June if conditions are fulfilled

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Bulgaria able to join ERM II in June if conditions are fulfilled

Tuesday, May 12, 2020

Bulgaria can join the "Eurozone waiting room" (the ERM II exchange rate mechanism) in July if it fulfills the last condition, European Commission Vice President Valdis Dombrovskis told the BNR. Although Bulgaria was the first to express interest in ERM II, the accession process will be together with Croatia. Both sides have made many commitments, most of which have already been fulfilled.
In Bulgaria, the strengthening of the capital of a bank remains to be done, which I hope will happen soon. If that happens, all requirements will be met, Dombrovkis said.

Source: bnr.bg

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