Euro

Bulgaria Postpones Plans to Join the Euro

Evidently it's not worth boarding a sinking ship

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BRUSSELS – Bulgaria has halted plans to join the euro in the latest public setback for the beleaguered currency union.

Speaking in an interview with the Wall Street Journal on Monday (3 September) in Sofia, Prime Minister Boyko Borisov and Finance Minister Simeon Djankov said the decision was the result of the debt crisis and the double dip recession facing the eurozone, along with rising public opposition to joining the single currency.