Bulgaria Joins Eurozone Amid Domestic Division, Expert Debate

Bulgaria's entry into the eurozone in 2025 has sparked extensive debate among experts and politicians, reflecting a mix of skepticism and optimism. Former Deputy Prime Minister Meglena Plugchieva and former Economy Minister Emil Dimitrov-Revizoro criticized the move as politically pressured and ill-timed, warning it could exacerbate economic difficulties and increase Brussels' overreach, potentially dragging Bulgaria into conflict. Conversely, financier Boris Petrov and European Commission expert Ognyan Zlatev highlighted the economic stability and security benefits of adopting the euro, citing Bulgaria's fixed currency peg and positive lessons from Croatia's smooth eurozone accession. Economists Nikola Yankov and Georgi Vuldjev presented differing views on inflation risks, with Yankov attributing inflation to factors unrelated to the euro and Vuldjev considering euro adoption potentially inflationary, while calling for better public information. Public opinion remains divided, with concerns about price increases and the adequacy of government communication efforts. Overall, the transition is seen as a complex and politically charged process with significant economic and social implications for Bulgaria.