Moscovici Says Bulgaria will be Next to Adopt Euro - Report

Moscovici Says Bulgaria will be Next to Adopt Euro - Report

The European Commissioner for economic and financial affairs Pierre Moscovici said on Friday that Bulgaria will become the next member of the Eurozone, but it should not rush through the accession process, local media reported on Friday."Bulgaria will be the next member of the Eurozone - there is no doubt about that, but that needs to be prepared. It should not be rushed," Moscovici said, as quoted by local Nova TV station. The adoption of the euro should be a benefit and not a shock, said Moscovici, who is in Sofia for an informal meeting of EU finance ministers. Bulgarian prime minister Boyko Borissov said on Thursday he hopes the country will join the EU's Exchange Rate Mechanism II, the euro's two-year 'waiting room', within a year.

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