Bulgaria Finance Minister Says Nation to Delay Euro Entry

Bulgaria, which delayed entry into the euro area in 2011, won’t join it “until the dust settles” possibly several years from now, the nation’s finance minister said.

“We are going to wait, probably a number of additional years,” said the minister, Simeon Djankov, speaking at the Peterson Institute for International Economics in Washington yesterday. Djankov said in July 2011 Bulgaria was putting its euro-adoption plans on hold until the currency union overhauled its rules to prevent future crises