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Bulgaria to join euro area on 1 January 2026

(www.ecb.europa.eu)
257 points toomuchtodo | 7 comments | 09 Jul 25 00:44 UTC | HN request time: 0.962s | source | bottom
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isodev ◴[09 Jul 25 01:24 UTC] No.44505504[source]▶
Nice. It’s amazing to see the progress Bulgarians have made in the last 20 years after joining the EU. I can imagine it hasn’t been an easy process.
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petesergeant ◴[09 Jul 25 02:11 UTC] No.44505750[source]▶
Two things that surprised me when I spent a couple of months in Bulgaria:

* Bulgarian support for the EU is pretty low and people didn't think it made their life much better

* Bulgarian support for Russia is very high, like 50%, probably due to their historic help in kicking out the Turks

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mc32 ◴[09 Jul 25 02:18 UTC] No.44505782[source]▶
Also the experience of Greece not too far back and the austerity imposed by Germany is not quite forgotten. Varoufakis[1] can attest to its severity. The Greeks voted against it but Germany imposed its will.

[1]https://jacobin.com/2025/07/yanis-varoufakis-on-the-legacy-o...

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1. isodev ◴[09 Jul 25 02:25 UTC] No.44505805[source]▶
And yet, Greece recovered to become a leading economy in the region. The propaganda is strong on the airwaves these days, just like in the US, one shouldn’t react to “facts” taken out of context.

It seems (from here), support for Russia is somehow magically going down as Russia’s economy is having trouble paying for its “support” abroad.

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2. jazzyjackson ◴[09 Jul 25 02:31 UTC] No.44505838[source]▶
In which region is Greece a leading economy?
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3. petesergeant ◴[09 Jul 25 02:32 UTC] No.44505839[source]▶
> And yet, Greece recovered to become a leading economy in the region

I don't think that's true ... growth is good, but that's because there's a lot of catching up to do. If I remember correctly (and maybe I don't) then real GDP is still like -20% vs 2007, debt is EU-leading at like 150% of GDP, unemployment remains high, and wages remain low.

4. dr_kretyn ◴[09 Jul 25 03:01 UTC] No.44505996[source]▶
In a region composed of Greece, North Macedonia and Cyprus.
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5. kyriakos ◴[09 Jul 25 03:58 UTC] No.44506218{3}[source]▶
Doesn't sound right https://en.m.wikipedia.org/wiki/List_of_sovereign_states_in_...

Cyprus ranks 17th and Greece 32nd

6. shakow ◴[09 Jul 25 06:44 UTC] No.44506969[source]▶
> to become a leading economy in the region.

Leading compared to what, Romania and North Macedonia?

> support for Russia is somehow magically going down

I don't think support for Russia was ever notably involved in the whole clusterfuck regarding the Greek economy.

7. xdennis ◴[09 Jul 25 10:02 UTC] No.44508082[source]▶
I'm not quite sure about that. Romania is bigger because it has a bigger population, but look even at this GDP per capita comparison with Romania.

    Greece: 31695 (2008), 25756 (2025), 31014 (2030, projected)
   Romania: 10435 (2008), 21421 (2025), 28809 (2030, projected)
It won't be until 2030 that Greece will recover, and I'm pretty sure it's slow growth is because of its huge debt because of the euro.