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8 July 2025

Parliament clears Bulgaria’s euro entry against the popular will

So it has come to this: The Bulgarians are getting the junk currency euro — despite massive protests and clearly against the majority will in Bulgaria. The European Parliament made that decision today.
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Parliament clears Bulgaria's euro entry against the popular will — graphic of the ESN Group in the European Parliament

Lagarde, von der Leyen, Dombrovskis, and company have gotten what they wanted: short-term positive signals to distract from the dire state of a hopelessly over-indebted and, in truth, no longer salvageable eurozone.

The Bulgarian elites have also gotten what they wanted: a break from fiscal discipline, finally enabling them — without the oversight of a currency board — to buy voter favor with cheap helicopter money.