The Euro as a symbol of progress toward liberal values1
We publish with the author’s permission and on his behalf his text with the original title from the website The European Liberal Youth.
The Republic of Bulgaria’s two-decade journey toward the single currency is in its final stage. The Convergence Report 2025 judged Bulgaria compliant on all five criteria2. Inflation averaged 2.7% in the reference period versus a 2.8% ceiling; debt stands below 25% of GDP; and interest rate, exchange rate, and fiscal benchmarks were met as well. Furthermore, on 19–20 June 2025, the Eurogroup and the EU’s Economic and Financial Affairs Council (ECOFIN) endorsed Sofia’s bid and labelled 1 January 2026 as “€-Day,” clearing the biggest political hurdle to date.
