Bulgaria’s Govt To Seek Parliament Mandate for EU Fiscal Pact Entry

Bulgaria’s Govt To Seek Parliament Mandate for EU Fiscal Pact Entry

The government will ask for a mandate from Parliament regarding Bulgaria's position on the EU fiscal pact.

"The outlines of Bulgaria's position on the fiscal act will depend on the mandate the cabinet receives after debates in the National Assembly," state-owned Bulgarian News Agency (BTA) quoted foreign minister Nikolai Mladenov as saying.

Bulgaria is opposed to tax harmonization and has doubts about the coordination of economic policies suggested by France, Mladenov said. The EU's increased contribution to the International Monetary Fund (IMF) for bailing out struggling member states is another issue that needs to be discussed in detail.

Strengthened fiscal integration in the EU, however, does not have an alternative for the time being, according to the foreign minister.

"[...] Bulgaria will contribute to the debate in Europe, what is more, we can even play a leading role," Mladenov added.

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