Economics
From Baltics to Greece, Bank Woes Haunt Euro's Next-in-Line
- Issues elsewhere endanger Bulgaria’s bid, bank-lobby boss says
- Balkan nation seeks to join ERM-2, EU banking union this year
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Whether it’s money-laundering scandals in the Baltic region or lingering memories of Greece’s debt crisis, bankers in Bulgaria worry that financial bother elsewhere will harm the country’s bid to adopt the euro.
The Balkan nation has targeted membership of the European Union’s banking union and the ERM-2 waiting room for the single currency this year, before a planned switch to the euro in 2022. But advancing these goals could hinge on public opinion in the continent’s west.