Finance minister expects Bulgaria to enter eurozone in 3-4 years.

By bne IntelliNews October 24, 2011
Finance minister Simeon Dyankov said in an interview for Deutsche Welle that the country is to enter the eurozone in next three to four years. Minister Dyankov confirmed that the single currency adoption remains a priority for the government. Dyankov sees no risks for the stability of the banking system and the public finances as a result of the ongoing debt crisis in Greece, but noted that a slowdown of the economy is expected by the end of the year as the countrys main trading partners have already been affected adversely. In July, Dyankov said for Reuters that the cabinet will postpone the talks for adopting the euro until the debt crisis in the EU is resolved. Dyankov elaborated that the government wanted to see how the EU authorities will stabilise Greece and what the final stance on the proposed harmonisation of members tax regulation would be.

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