Fake news websites, coordinated attacks and political parties with “very close ties to Russia” are bent on undermining trust in the euro in a campaign that peaked over the summer, Finance Minister Assen Vassilev said in an interview late Wednesday. He added that the country would stick to its plan to swap currencies by 2025.
The government in the EU’s poorest member wants to adopt the euro to boost living standards and deepen its role in the bloc’s decision-making process after meeting most of the formal requirements for years. But Russia’s war in Ukraine and Europe’s energy crisis helped trigger a spike in inflation — temporarily knocking it off the path of fulfilling criteria for entry — and fueled fears the single currency may drive prices higher.
Bulgaria’s pro-Russian Revival party, which supports Kremlin talking points and wants the Balkan state to leave NATO, launched a campaign against adoption this year and gathered hundreds of thousands of signatures in support of a referendum on the topic, which parliament rejected. Revival has also organized protests against the euro, where party supporters wave Russian flags and chant anti-western slogans.
Multiple studies have shown Bulgaria as one of the EU’s most vulnerable members when it comes to Moscow’s influence, a situation backed by long-lasting cultural and economic ties between the two countries.
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