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  • 6 weeks ago
Bulgaria is set to adopt the euro nearly two decades after joining the EU, a move supporters say will bring stability, while critics warn of higher prices and fresh political uncertainty.
Transcript
00:00Bulgaria prepares to adopt the euro at midnight on Wednesday,
00:04becoming the 21st member of the Eurozone, nearly 20 years after joining the European Union.
00:11At midnight on Wednesday, Bulgaria will phase out its left currency,
00:15ending a monetary system that has been in place since the late 19th century.
00:21Successive governments have backed the move, saying the euro could help strengthen Bulgaria's economy,
00:26strengthen ties with the West and reduce Russian influence.
00:30But the switch has also sparked opposition,
00:32with some voicing concerns that switching to the euro could drive up prices.
00:37Outgoing Prime Minister Rosenzelyakov said euro adoption would bring long-term gains for Bulgaria's economy,
00:43adding that the country ends the year with GDP of about EUR 113 billion and growth above 3%.
00:50Bulgaria's entry raises the number of euro users across Europe to more than 350 million.
00:56So now all we've covered is about 20 people in Ghana.
00:59All we've covered areineness,
01:00where this is from the other diplomatic missions we can establish the world on terms of concentrating,
01:03which isattering in from everywhere due to this non-fed Marcus's vaccines that are very important.
01:07And the future of the European and European Commission says euro,
01:10which is irrelevant in present,
01:14but yet also the future of the European Union is a very short track effort.
01:17And if you cut the
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