Bulgaria to join euro area on 1 January 2026

If abandoning your own currency and adopting Euros was such a big deal, the UK would have done it decades ago (while it was still a part of the EU).

This benefits the bigger economies, at the expense of the smaller economies. Any fiscal policy is dictated by the bigger countries, and with identical currencies, the only policy left for Bulgarians is to cut wages in public sector. This will impact local economy, and ripple through their society becoming poorer. And the bigger foreign corporations can ransack the place. Brilliant.

The Bulgarian Lev is already pegged to the euro and was pegged to the DM before