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Bulgaria to join euro area on 1 January 2026

(www.ecb.europa.eu)
256 points toomuchtodo | 1 comments | 09 Jul 25 00:44 UTC | HN request time: 0.213s | source
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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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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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1. 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.