Currency

European Central Bank: Bulgaria Could Join Eurozone’s Waiting Room by the End of 2020

That was said by the Bank's board member Fabio Panetta

Bulgaria could join waiting room to adopt the euro until the end of 2020, European Central Bank board member Fabio Panetta said in an interview for Le Monde.

The institution praises the efforts of Bulgaria and Croatia to switch to the common currency, Panetta added. He underlined that the two countries rely on tourism.

EU exec to propose 1 trln euro recovery plan with grants and loans

The European Commission will present a pandemic recovery plan next week that will exceed 1 trillion euros in a mix of grants and loans, Executive Vice President Valdis Dombrovskis said on Tuesday.

Dombrovskis, speaking after a meeting of EU finance ministers, welcomed a proposal by France and Germany for a 500 billion euro fund to disburse grants to worst-hit regions and sectors.

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