ECB Governor Warns Bulgaria Against Speedy Euro Adoption

The European Central Bank (ECB) governor Jean-Claude Trichet, who is on a visit in Sofia, has taken a stance against the immediate introduction of the euro, saying it is crucial that requirements are met first.

Trichet, who paid a visit to Bulgaria on the occasion of the 130th anniversary since the establishment of the country’s Central Bank, commented in the wake of recent International Monetary Fund calls on central and eastern European countries to consider scrapping their currencies in favour of the euro even without formally joining the eurozone. Read more about the euro…