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Bulgaria to join euro area on 1 January 2026

(www.ecb.europa.eu)
257 points toomuchtodo | 4 comments | 09 Jul 25 00:44 UTC | HN request time: 0.861s | source
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storus ◴[09 Jul 25 05:52 UTC] No.44506710[source]▶
Doubling of the prices overnight coming like in Croatia and many countries before it?
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epolanski ◴[09 Jul 25 06:13 UTC] No.44506802[source]▶
Yes there's an inflation shock at the beginning, then salaries and everything adjusts.
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1. menaerus ◴[09 Jul 25 07:27 UTC] No.44507190[source]▶
So, after introducing the euro, and everything overnight becomes ~2x more expensive, salaries will match that trajectory and eventually also become ~2x larger, almost universally no matter the job type? Did I get your argument right? I ask because I don't think this actually has been the case with pretty much any EU country.

From what I have seen, salaries will certainly adjust themselves, and they will grow, but the resulting purchasing power is going to remain lower than it has been prior to introducing the euro.

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2. ingohelpinger ◴[09 Jul 25 07:33 UTC] No.44507216[source]▶
lol, that's exactly what hes dreaming of.
3. debesyla ◴[09 Jul 25 07:40 UTC] No.44507265[source]▶
Have you looked into Lithuania? (I don't know about other countries, only live in this one.)

Thought maybe I understood the discussion wrong, because Lithuania does have a minimum wage that is government mandated.

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4. menaerus ◴[09 Jul 25 08:22 UTC] No.44507494[source]▶
I haven't looked into each EU country but it's difficult to imagine that a salary of X * K EUR gross will become 2X * K EUR gross just because the country has switched to EUR. It's delusional at best.