The European Commission gave its approval for Bulgaria join the euro-zone next year and, while the macroeconomic implications of euro adoption will be small, geopolitically it will bind the country closer to European institutions and a pro-western path. Elsewhere, Poland’s presidential election result could encourage a slightly slower pace of fiscal consolidation over the next couple of years.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.