UPDATED IMF Managing Director Georgieva Says Bulgaria Has Real Chances of Joining Euro Area

UPDATED IMF Managing Director Georgieva Says Bulgaria Has Real Chances of Joining Euro Area

Business

The possibility of Bulgaria joining the euro area is real and feasible, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in an interview with BTA during this year's meetings of the Fund and the World Bank in Washington. "We saw that what was holding Bulgaria back was inflation. Now inflation is going down, the latest results are encouraging," she added, CE Report quotes BTA

Georgieva said that when it comes to the other indicators the country has to meet to adopt the euro, the country is doing excellent – it has low external debt and low budget deficit, she pointed out.

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