Path to Euro Gets Even More Complicated for Latest Hopeful

Bulgaria’s efforts this summer to lock a course toward euro adoption suffered a setback as its bid was met with additional demands. Even as it addresses those, another potential roadblock is coming into view.

Inflation zoomed up to a five-year high of 3.6 percent in September and is increasingly outpacing the euro area, data released this week showed. While the government predicts a slowdown, there’s concern that price growth will top the currency bloc’s entry requirement, particularly as the Black Sea nation seeks to quickly close the wealth gap to its richer peers.