FinMin Firm on Bulgaria Joining Euro Zone

Bulgarian Finance Minister, Simeon Djankov, is convinced that the EUR will survive the crisis and Bulgaria still wants to join the Eurozone. Photo by BGNES

Bulgaria can join the Eurozone in 2 to 3 years, but no one can give an exact date, according to the country's Deputy Prime Minister and Finance Minister, Simeon Djankov.

The news was reported Sunday by the Bulgarian news agency BGNES, citing a statement of the Minister before Reuters on the occasion of the annual meeting of the European Bank for Reconstruction and Development, EBRD.

Djankov notes that from the 27 EU Member States only 4 have fulfilled the Maastricht Treaty criteria, one of them being Bulgaria, which is not in the Eurozone. The other 3, according to him, are Estonia, Finland and Sweden.

The Minister further states that the EUR will survive the crisis and Bulgaria still wants to join the Eurozone.

"The exact date of such joining is not at all subject to discussion, because the EU and its institutions are changing over the crisis, and there might be additional rules and instructions," says he.

The article explains that the plans of several Eastern European countries to join the Eurozone are at risk over the EUR crisis and the EU must adhere to the already-set rules, instead of changing them because of countries such as Greece.

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