UKs PM Brown declares support for faster eurozone entry for Bulgaria.

By bne IntelliNews February 9, 2010
The UK s PM Gordon Brown has said during a meeting with Bulgarian PM Boyko Borisov in London on Monday (February 8) that the UK government will support faster entry of Bulgaria into the eurozone. Earlier in the month, finance minister Simeon Dyankov declared that the application for the exchange rate mechanism (ERM II), which is the first step in the process, will be submitted by the end of the Spanish EU Presidency. At present, the country does not meet two of the Maastricht criteria for adopting the euro, i.e. the benchmarks for inflation and long-term interest rates. Gordon Brown has promised also support for the Nabucco gas project and easing the access for Bulgarians to the UK labour market. The Bulgarian delegation, comprising also interior minister Tsvetan Tsvetanov and foreign minister Nikolay Mladenov, met also with representatives of the Conservative Party, who vow to retain the policy of the current government with respect to Bulgaria in case of success in the summer elections.

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