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Bulgaria to join euro area on 1 January 2026

(www.ecb.europa.eu)
258 points toomuchtodo | 1 comments | 09 Jul 25 00:44 UTC | HN request time: 0.198s | source
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ingohelpinger ◴[09 Jul 25 04:12 UTC] No.44506281[source]▶
the Euro has lost almost half of its purchasing power since its creation. bulgarians want the Euro so much, that they have to run tv ads, "we will become more wealthy by introducing the Euro", what? how will that happen, if you need more money to buy same or less products/services? lmao
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ako ◴[09 Jul 25 04:53 UTC] No.44506439[source]▶
Same for USD and other major currencies, as most countries have inflation around 2%. Only currency that has done significantly better is the swiss frank.
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1. blub ◴[09 Jul 25 07:51 UTC] No.44507321[source]▶
Through some technicality maybe it’s that, but food prices have increased by a large double-digit percentage. Construction materials (and laborers) are stupidly expensive.