Bulgaria’s PM Expects Positive Development on Status of Non-Eurozone Members within Fiscal Pact

Bulgaria’s PM Expects Positive Development on Status of Non-Eurozone Members within Fiscal Pact

Prime Minister Boiko Borisov said he expects positive development on the status of the non-eurozone member states that have joined the fiscal pact.

Bulgaria insists that all signatory countries of the European Financial Stability Facility, the so called fiscal pact, outside the eurozone, should be granted the status of observers with the right to attend eurozone informal summits.

"There are states within the EU which have said they will not introduce the euro at all, whereas we, considering that we have a foreign currency board and that the lev is pegged to the euro, I think we deserve it and it is important for us to know what happens within the euro, we will insist on this," state-run Bulgarian National Radio (BNR) quoted Borisov as saying on Sunday ahead of an EU summit in Brussels.

The prime minister also said he hopes that from now on the debate will shift from fiscal discipline to economic growth and employment, especially for young people.

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