Bulgaria Nears Euro, Faces Anti-EU Backlash

This is a Bulgaria news story, published by ABC News, that relates primarily to Zsolt Darvas news.

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ABC News

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World

Bulgaria is close to joining the euro currency but faces disinformation and fear

Summary

Nutrition label

78% Informative

Bulgaria is close to realizing its decades-old goal of joining the euro currency union.

But the government faces a populist backlash against the shared currency on the eve of a key decision.

Fears of inflation, poverty and the unknown are mingling with disinformation spread on social media.

The discontent tracks with increased support for populist and anti-EU parties across Europe .

The risk of Bulgaria becoming a fiscal risk to the eurozone is essentially zero , said Zsolt Darvas , senior fellow at the Bruegel think tank in Brussels .

Experience in other countries shows that “whenever there is a changeover from national currency to the euro, there is often a minor inflation effect,” said Darvas .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

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not offensive

Hate speech

not hateful