Finance Minister: Bulgaria to Apply for ERM 2 'Very Soon'

Bulgaria's Finance Minister Djankov has declared the country would apply to join the ERM 2 very soon. Photo by BGNES

Bulgaria’s Finance Minister, Simeon Djankov, has said that the country was going to apply to join the ERM 2, the waiting room for Eurozone accession, “very soon”.

Djankov said this in an interview for Dow Jones Newswires published by the Wall Street Times.

"The need for Bulgaria to access an IMF loan is diminishing," Djankov in Istanbul where he is attending the annual summit in IMF and World Bank meeting.

Bulgaria’s Finance Minister has also made it clear that the government was considering issuing Eurobonds in the spring of 2010.

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