Bulgaria will postpone its plans to enter the eurozone waiting room (ERM II) for at least one year, the governor of Bulgaria’s National Bank, Dimitar Radev, told Nova TV in an interview.
According to the governor, the economic crisis will take a greater toll on Bulgaria than on the eurozone countries because they have the backing of the European Central Bank.
“We do not have a creditor like the European Central Bank, which limits the measures we can take. We will probably feel this more strongly when the crisis hits, but also when the consequences have to be overcome”, Radev said, adding that Bulgaria had made the mistake of not applying to the eurozone after the 2008 crisis and should avoid doing the same now. (Krassen Nikolov | EURACTIV.bg)