Eurogroup

Bulgaria Can Adopt the Euro in 2025, Confirms Eurogroup President

Eurogroup President Paschal Donohoe confirmed that Bulgaria could adopt the euro in 2025. This statement came following discussions with Bulgarian officials, including outgoing Prime Minister Nikolay Denkov, outgoing Deputy Prime Minister Mariya Gabriel, and outgoing Finance Minister Assen Vassilev.

Cyprus happy with EU’s fiscal plan

The joint statement on the orientation of the eurozone's fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister of Finance Makis Keravnos said on Monday in Brussels, where he was attending the meeting of the Eurogroup.

Bulgaria's Path to Eurozone Membership: No Reliance on Exceptions

In a significant step towards Eurozone integration, Bulgaria asserts its readiness to join the currency union without relying on exceptions, according to statements made by officials in Brussels. Petar Chobanov, Deputy Governor of the Bulgarian National Bank, emphasized Bulgaria's commitment to meeting the criteria for Eurozone membership during a conference organized by MEP Emil Radev.

A vision for a Europe governed by rule-based order

Wolfgang Schaeuble resembled a commanding political figure in both Germany and Europe. It would not be an overstatement to assert that, for a substantial span of challenging years, the Eurogroup operated within the sphere of his influence - member-states actively sought his favor, aligning themselves with his policy initiatives.

Europeanism of a German cut

Wolfgang Schaeuble assumed the role of Germany's finance minister in late October 2009, serving in this capacity for a full eight years. During this period, he collaborated, beginning with my own appointment a few weeks earlier, with nine successive Greek finance ministers. This observation alone serves as a clear indication of the impact he had on navigating the eurozone and Greek crises.

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