In a push to ease these concerns, Economy Commissioner Valdis Dombrovskis and European Central Bank President Christine Lagarde each stressed the geopolitical benefits of joining the euro. <\/p>\n
\u201cBulgaria is joining the euro … at a point when there is more volatility, at a time when we have more shocks, one after the other, compounded, and at a time where the global order, as we have known it, is more fragmented, and when friends are probably fewer,\u201d said Lagarde, adding: \u201cIt\u2019s important to close ranks and to be together.\u201d<\/p>\n
Lagarde said that during the financial crisis, the single currency had proved a defensive shield against shocks and depreciation.<\/p>\n
Dombrovkis said that, in itself, the adoption of the euro could help Bulgaria compensate for growing geopolitical risks in investors\u2019 eyes.<\/p>\n
\u201cIn Baltic countries, despite being geopolitically exposed, the borrowing costs were lower than in Poland, and to a large extent investors assessed that [the euro] is a stabilizing factor,\u201d he said.<\/p>\n
Bulgaria\u2019s accession to the euro has been planned for more than a decade, but as the date got nearer, it has spawned conspiracy theories and populist politics, alongside more justified concerns about the currency changeover.<\/p>\n","protected":false},"excerpt":{"rendered":"In a push to ease these concerns, Economy Commissioner Valdis Dombrovskis and European Central Bank President Christine Lagarde…\n","protected":false},"author":2,"featured_media":549900,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[18992,767,13489,472,6659,3378,473,55493,13071,35,176310,2000,299,5187,1699,20327,474,2452,17436,176311,770,332,182,176312,49,12923,333,771],"class_list":{"0":"post-549899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-airspace","9":"tag-baltics","10":"tag-bulgaria","11":"tag-christine-lagarde","12":"tag-crisis","13":"tag-currency","14":"tag-defense","15":"tag-digital-currencies","16":"tag-disinformation","17":"tag-energy","18":"tag-esm","19":"tag-eu","20":"tag-europe","21":"tag-european","22":"tag-european-union","23":"tag-eurozone","24":"tag-finance","25":"tag-media","26":"tag-monetary-policy","27":"tag-pierre-gramegna","28":"tag-poland","29":"tag-russia","30":"tag-social-media","31":"tag-temenuzhka-petkova","32":"tag-united-states","33":"tag-valdis-dombrovskis","34":"tag-vladimir-putin","35":"tag-war"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115495132470119928","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/549899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=549899"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/549899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/549900"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=549899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=549899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=549899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}