Bulgaria drops plans for early eurozone entry

EurActiv's partner in Bulgaria, Dnevnik, reported that Bulgaria's centre-right government reported on the 9 April 2010 that it had abandoned plans to join the EU's exchange-rate mechanism, ERM II, after the country recorded a larger-than-expected deficit in 2009 as a result of unaccounted procurement deals signed by the previous socialist-led cabinet.

ESO: Background information: Bulgaria in the eurozone waiting room http://www.europeansources.info/record/bulgaria-in-the-eurozone-waiting-room/

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