The Euro Is Losing Appeal in Its Backyard
A woman holds a placard during a demonstration against Bulgaria entering the eurozone on June 4.
Photographer: Nikolay Doychinov/AFP/Getty Images
Hi, this is Slav Okov in Sofia with Krystof Chamonikolas and Andrea Dudik in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here.
When countries in the region started joining the European Union 21 years ago, accession was a watershed moment. Not only did it draw a line under the painful transition from communism, it meant huge investment and a much-coveted burgundy passport for everyone. Then came membership of the Schengen area and the lifting of border controls.