Eurozone

Bulgaria Anticipates Meeting Eurozone Inflation Criteria by September

Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September, according to Finance Minister Asen Vassilev. Speaking at a conference focused on the currency union, Vassilev expressed confidence in Bulgaria's ability to fulfill the necessary criteria within the specified timeframe.

Less growth, numerous risks

The Bank of Greece has lowered its forecast for this year's growth to 2.3% from 2.5% and is fully aligned with the latest estimates of the European Commission, against the budget's estimate for 2.9%.

The BoG's downgrade, the second since December, followed data on last year's growth, which, while outpacing the eurozone average, came in at a slower pace of 2%.

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.

Stournaras to Bloomberg: European Central Bank must cut interest rates twice before the summer holidays

ECB should not be influenced by Fed's moves, BoG governor says during London interview - "Real wages will only reach pre-pandemic levels in 2025" - What he said about the possibility of interest rates returning below 2 percent

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.

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