Anna Mihaylova: Entering the Eurozone is priority for the cabinet

BULGARIA

Deputy Minister of Finance Anna Mihaylova said that entering the Eurozone was a priority for the cabinet. However, she highlighted that in first place Bulgaria should work fast in order to enter the exchange rate mechanism (ERM II).

‘The support of the other EU member states, of the EU, the European Commission, the European Central Bank, plays a key role in the situation. What we have to do is prove the stability of the macroeconomic framework, a commitment to pursue reasonable fiscal policy,’ Mihaylova said.

The Deputy Minister of Finance explained that Eurobank EFG Group’s analysis envisaging that Bulgaria could enter the Eurozone in 2013 could be regarded as a particular forecast and is in no way based on intentions stated by the government.

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