I wish you my brothers the best, whether you choose Lev or Euro 🇷🇴🤝🇧🇬

@masterarthius8752

28 күн бұрын

We choose lev

@albevanhanoy

28 күн бұрын

​@@masterarthius8752You have already chosen the Euro. You have signed a treaty. Follow through on your promises.

@masterarthius8752

28 күн бұрын

@@albevanhanoy No we haven't. Our colonial administration has. They are illegitimate. We will break their promise. We will never accept the Euro.

@SteveUrlz

28 күн бұрын

​@@masterarthius8752 no we didn't.

@masterarthius8752

28 күн бұрын

@@albevanhanoy KZread deleted my comment

Yey new video about Bulgaria!

@EUMadeSimple

29 күн бұрын

It is Bulgaria week at EUMS :D

@ivovasilev3648

29 күн бұрын

@@EUMadeSimple hey I wanted also to say that in the video explaining each nation contribution to Ukraine, you exchanged the Bulgarian flag with the Hungarian one, somewhere at the final of the video but its not a big deal

@stanibg75

21 күн бұрын

@@EUMadeSimple this is not Bulgarian week. This is propaganda. Everyone in Bulgaria wants a referendum. Nobody wants the euro.

Bulgaria's parliament has 240 seats, not 220 as displayed in the video. Beside that, the video is precise and exhaustive on the topic

@TzvetozarCherkezov

29 күн бұрын

Another correction - the video implied that a referendum on whether to join the Eurozone is possible. Such a referendum is unconstitutional and thus impossible according to Bulgarian law.

@merkeet

29 күн бұрын

@@TzvetozarCherkezov If they would let referenda to be used by the common people to decide, the EU would be empty.

@sshope19

28 күн бұрын

@@merkeet Which tells you what? That EU is not democratic.

@merkeet

28 күн бұрын

@@sshope19 Exactly. Only the left woke globalist people who watch MSM think it is.

@goodphone156

28 күн бұрын

I'm fact this person who make these videos ,even if he seems convinced of what he says , always makes a lot of mistakes in his statements!!

Man, these EU videos are so informative. I am very happy I found this channel a few months ago.

@EUMadeSimple

29 күн бұрын

Glad to hear it!

@bellatordei3440

29 күн бұрын

Did this EU propaganda informed you that there was a massive huge referendum where people massively voted against...

@nemtv2

29 күн бұрын

@@bellatordei3440 Дето беше незаконен и "massively" имаш предвид само тези дето са за Възраждане?

@bellatordei3440

29 күн бұрын

@@nemtv2 Незаконен референдум е оксиморон, защото законите произтичат именно от Негово Величество, които са еманация на неговата воля

@bellatordei3440

29 күн бұрын

@@nemtv2 Тва за Възраждане не го разбрах

Well, technically Bulgaria did meet all the criteria before the Pandemic in the period 2017-2020. We had very low inflation rate at the time, but we still weren't accepted in the Eurozone due to lack of unanimous support by the other member states. It's more of a political decision than based on hard-set criteria. Just as the EU accession or the Shengen accession. The Greek crisis really made the Eurozone members wary of newcommers.

@georginikolov1141

29 күн бұрын

But why do we need the Eu and this filling project?Even Mercedes is leaving Eu ..British left its fucked up failled project with no accountability ..Overpriced Brussels garbage ..I don't want to pay for that shit

@ross_boss

29 күн бұрын

​@@georginikolov1141Yeah England left and it's now in shambles, but that's their problem to fix since they have the resources, on our end Bulgarians don't care about anything other than preserving the Lev for just being Bulgarian, even though the Euro we will have will be of Bulgarian design similar to what we have now and just called Euro.

@TzvetozarCherkezov

29 күн бұрын

This is not true at all. In 2017-2020, we didn't meet two convergence criteria - ERM II member for at least 2 years and compatibility of legislation. Bulgaria joined ERM II on 10.07.2020. Thus, this criterion was met only in July 2022. And compatibility of legislation is still not technically met. We weren't accepted in the Eurozone because we didn't meet criteria, there wasn't even a vote for you to claim that there wasn't unanimous support. Most of your comment is a lie.

@georgygeorgiev8882

29 күн бұрын

@TzvetozarCherkezov You are only half right. ERM II is a secondary criterion that is applied after unanimous approval by the other Eurozone members. There weren't any votes for us in that period because many countries did not want us there at the time even though we met all available criteria at the time. The legislation changes is also a weird criterion because some countries, which adopted the Euro early on did not meet it but were still accepted. Also, it is widely accepted that it is the last this to do before being given the green light.

@TzvetozarCherkezov

29 күн бұрын

@@georgygeorgiev8882 It's not a secondary criterion at all. It's completely obligatory. Even a cursory glance at the criteria would've told you that. There weren't any votes because WE DIDN'T EVEN HAVE THE RIGHT TO REQUEST A VOTE before all the criteria were met. We didn't meet all the criteria and we still don't. The legislation changes are not weird at all, you literally can't enter if your legislation is different than the Eurozone's. What do you think happens when we enter the Eurozone and the ECB is our central bank, while the BNB Law says BNB is our central bank? WTF are you even talking about, all you've written is completely untrue and frankly dumb as fuck. I'm not partly right, I'm fully right and you have absolutely no clue what you're talking about.

Hope to make a complete series about The Euro, next to be Romania 🇷🇴 and Poland 🇵🇱.

@salad7776

26 күн бұрын

do you wish us so much harm? 😐

@x_fabian

16 күн бұрын

Not in Poland

As a Romanian I congratulate the Bulgarians for their progress! I hope my country will enter the Euro zone as well, when time is right.

@FunnyBunny-pd5xx

29 күн бұрын

Crazy ! YOU want YOUR country to lose MORE of its Sovereignty ? YOU want even HIGHER inflation ?

@cowboybeboop9420

29 күн бұрын

As a Bulgarian I can tell you that the vast majority of people here don`t actually want the Euro but we have an American useful idiot in charge who just forces it through. People here are afraid of 1) Crazy inflation and a decrease in purchasing power. 2) The collapse of the Euro and a big crisis which is probably gonna happen in the next 15 years.

@cristianardeleanu6395

29 күн бұрын

Nah but Romania's currency is so high for the same reason as Hungary's, because of our quick economical development, which isn't seen in Bulgaria nearly as much as Romania. For context, Romania's economy grew 700 percent while Bulgaria's grew 300 percent in the past 20 years.

@bellatordei3440

29 күн бұрын

Bulgarians don't want it

@popescumihai3780

29 күн бұрын

The loss of sovereign control over your state currency is not ok. Look what happened in Greece, Italy or Spain. They lost a lot economically.

I wonder... Are the criteria really necessary these days. I'm Czech. I, unlike most people around here, want Euro and see, how we're effectively becoming dual-currency economy with businesses being given under certain conditions the right to have their books in Euros as primary currency, pay their obligation to the state in Euros and there is proposal for partial salary payments in Euros on the books right now, even businesses are starting to trade with each other in Euros, primarily using Crowns for salaries and taxes... but we don't fit the criteria. So, I wonder, would it be practical to demand adherence to the criteria, if say 60% of domestic trade were to be denominated in Euro? What if an economy shifts currencies by itself?

@therealnuggetball

29 күн бұрын

One of the reasons switching to the Euro is almost useless for Czechia... Most benefits like trade etc are already allowed with no problem but the national currency is still controlled independently... I'm very pro-european, but I think we just don't need to switch to the Euro...

@AlexScorpionVn

28 күн бұрын

Grassroots movements win

@looseycanon

28 күн бұрын

@@therealnuggetball From my point of view, Crown is in that regard useless, as majority of trade would be in Euro...

@thomasmerlin4990

26 күн бұрын

what you say is interesting. Personally I believe that the first criterion is too restrictive, an inflation rate below the European average would be enough.

@user-yu3er9ve1g

26 күн бұрын

I'm not an expert, but the Euro zone issue is not just about the use of the currency. Countries like Kosovo are already using the euro, this does not make them part of the euro zone. The inclusion of a given country in the euro zone means, in a certain sense, a loss of sovereignty. The government in the Czech Republic still has its fiscal policy. This will not be possible with the entry into the Eurozone. As part of the Eurozone, the banking system of the Czech Republic comes under the umbrella of the European Central Bank. In case of bankruptcy of one of the euro zone, the others can pay the bill - example Greece. There are an awful lot of aspects that are not talked about. It is not just what currency we are using.

Hopefully btw thanks for the videos of Bulgaria 🇧🇬❤️❤️🇧🇬❤️🇧🇬

@DaniilDimitrov

28 күн бұрын

Не говори глупости дечко

As a Bulgarian that wants the euro to be implemented as our new currency I can say that your videos are very entertaining and nice to watch. Whenever I see you post anything related to Eurozone I always watch it no matter what im doing.

@bellatordei3440

29 күн бұрын

It already had a referendum that banned it

@EUMadeSimple

29 күн бұрын

Glad you like them!

@laughingTommy

29 күн бұрын

Same.

@naon666

29 күн бұрын

Same, from Portugal 😊

@ekesandras1481

29 күн бұрын

why do you want the Euro?

I asked this question below the last post and here is my answer) Thanks I will enjoy this video

I think as more countries join the Euro, it's going to push the holdouts to join at some point, after all, from an economic point of view, it could be seen as a disadvantage to not join for the countries holding out because investment would likely steer towards Euro Zone countries because of stability and the currency rate being the same over a wider range of people. None Euro countries could mirror the policies of the Euro, but if they keep doing that, you have to wonder, why not join altogether? Either way, if you were a company investing in the EU, you're more likely going to want to invest in a Euro country because it serves a bigger population of consumers without having to worry about currency fluctuations, which puts pressure on none Euro countries to mirror the exchange rate and policies of the Euro to be more enticing to investors, especially big investments that aim to sell Europe wide, the Euro Zone countries make more sense, with the exception of the developing EU countries in the east, which cheaper labour will still entice investment, but that won't last as they develop, so over the long run, I suspect all EU countries will join the Euro as it's likely going to be more difficult to stay out as more join it, especially as the majority of the EU is already Euro Zone centric. Anyway, inflation in Bulgaria does seem to be going down overtime, but public views and political stability could be a hold up for Bulgaria joining the Euro, but overall, things are in a good state for them joining before 2030, but I doubt they will join in 2025 because there are too many hurdles to overcome, but the odds are good for them joining before 2030.

@therealnuggetball

29 күн бұрын

Most useful economic benefits of the Euro are gone (for now)... These times of crisis are not great for adopting it. When Slovakia joined, Poland and Czechia should have too... Now it's almost useless... Either way if the Czechs switched back then they would loose a lot of monetary growth that the Koruna had against the Euro The disadvantage to joining is the fact you lose sovereignty that's a legitimate issue. I doubt Sweden, Czechia and Poland will join anytime soon as the public is against it. Either way as currencies go The Zloty, Koruna and Krone are no toilet paper unlike the forint...

@h.h.8433

28 күн бұрын

Investments are going out of the EU due to its politics and into US and China. With the help of Boden ofc since the EU is essentially a project of the US democrats. Idk what you euro-clowns smoking. Have no idea what’s going on

@HIpigoRE1

27 күн бұрын

What benefits....there is nothing better than holding up to your own currency as it backs the country stability. Why some countries, which are part of the EU longer than others are still not joining the EURO zone? They are certainly not stupid. The only benefits would go to the banks, which will take loans with lower rates. Nothing else. Nevertheless you are answering to the central bank and if something goes horribly wrong and there is a big collapse affecting multiple countries, the bank would certainly not support economies like the Bulgarian and they will aim to aid bigger economies. As long as it goes to the inflation as they said we do not eat TVs, toasters or furniture. The prices in the food markets are mad and they keep rising. For instance since covid broke out prices on average skyrocketed around 30-40% upwards and on some goods they are even double. And as i said they keep rising. I am constantly hearing from friends living across Europe and countries, which are pretty much expensive to live like Belgium, Germany, Austria, UK and all are saying one thing....that prices here are higher or equal and it became much more expensive in last 2-3 years...Do not trust any official statements that the inflation is around the 10% margins....it is at least three times more which is totally against the acceptance terms for joining the EURO zone!

@LoneWolf-wp9dn

24 күн бұрын

for the small countries its a no brainer because they cant easily hold a good currency... for the middle countries its better to hold on to their own currency because they can have a serious industrial sector and the currency helps it be more competitive... you would be a fool to give that up

@daleksupreme.1835

19 күн бұрын

@@HIpigoRE1 It's almost like there is a was in Europe.... wait.

In 2025: Welp, Bulgaria will join the euro zone in 2026 in 2026: Perhaps it will be 2027 in 2027: Bulgaria will surely join in 2028..

EU should help more Bulgaria, i mean the country is literally collapsing long term. Its massively loosing population, including massive brain drain, its the only EU country that dropped from very high human development list into high list and its long term worst in corruption from all EU members. The economy is also not roses. Its true its far from EU center, literally on outskirts, surrounded by also not fully prospeting countries. It needs help and attention, the whole region needs it. From all EU countries i have ever visited, people in Bulgaria seemed the most resigned and unhappy out of all. Even Greeks or Romanians seemed more happy with their country and their future. And Romanians had similar trajectory of rather poor, corrupt country where masses emmigrate into western europe. But after +-2015s they managed to counter it and now its growing super fast, even outgrowing richer countries like Hungary or Greece.

@bellatordei3440

29 күн бұрын

How to help? ...the EU wants Bulgaria to be corrupt so it can control its elite and make them strictly obey to everything Brussels wants

@mrbad3036

29 күн бұрын

As long as we have the national sovereignty system, the EU can't do much for our domestic politics. If the EU were to become a federal state, then that would be different.

@Anatoligg

29 күн бұрын

as a bulgarian who lives abroad I can say that it is not like this. Economically Bulgaria is getting better I can see it every time I go back . Many Bulgarians around me are moving back home .When I left my country the avarage monthly wage was under 100 dollars now is over 1000 euro .This and the fact that the taxes are one of the lowest,it is easy to find a job, the prices are one of the lowest in EU ,the climat and the nature are great. If we talk about safety I feel way safer to walk at night in Bulgaria then in France or UK .This wasnt the case 10 -15 years ago.

@mrbad3036

29 күн бұрын

@@Anatoligg No one is arguing that it isn't getting better. The issue is that it's developing slower than all of the other post-socialist states in the EU.

@Anatoligg

29 күн бұрын

@@mrbad3036 do not forget that we were way behind everywhere else. And no if you check the data we are not exactly the last ones on everything . Bulgaria is one of the countries with the fastest grow .You can actually check this.

As a Bulgarian, I don't see it happening with the current political crisis

@JAG214

29 күн бұрын

That not good for the country

@DaniilDimitrov

28 күн бұрын

Lets hope it never happen

@D0wNhiLL

28 күн бұрын

@@DaniilDimitrovwhy? Didn‘t you watch the video? The Lev has been “attached” to the euro since 1999. There is no lev currency. We are using the Euro’s exchange under the disguise of Lev currency.

@DaniilDimitrov

28 күн бұрын

@D0wNhiLL man dont engage in topics you dont understand

@pablobomgiorno8273

28 күн бұрын

​@@DaniilDimitrov Show arguments 😉

Very informative video. Good job!

Thank you, very informative. Ironically, nobody in Bulgaria has ever explained it properly. They are too busy arguing if the prices will go up if we get accepted into the Eurozone. You say that 49% support it, but from what i can see, it looks more like 30% in favor. People are afraid that there will be a lot of speculation with the prices and are giving Croatia as an example. I am undecided myself, honestly

I appreciate your usage of the word "criterion".

Beautiful illustrated and informative Video! It would be interesting to see a video from you on Sweden's situation. Especially how and why they are able to keep "dodging" the euro area.

Can you make a similar video regarding Romania's progress towards Euro adoption ?

I don’t say that using a more flexible currency is bad, but learning from Greece, Romania and Bulgaria might be better off staying as they are, slowly growing their economies. Sure, Romania has higher inflation rate, around 7%, but that’s because of the radical 700% growth in overall GDP, and the same for Bulgaria with 300% in the past 20 years.

u must ask the people, as we dont want the euro to replace the LEV ! i dont mind to have them both but Levs to be the main. i will accept euros , no worries !

Something worth mentioning is that public surveys aren't very representative and mainly target the capital, which has a higher standard of living and therefore, more in favor of the Euro. Moreover, the two parties in the Parliament, who had a majority, broke the Constitution at least two times. First, when they voted in the Parliament not to organize the referendum, even though they were obliged to organize it, because the proponents of the referendum hard gathered more than 400 000 signatures. Then they broke the Constitution a second time by appointing party-aligned personas as Constitutional judges without the required by Constitution minimum experience. Just a week later (what a coincidence), the Constitutional court ruled the referendum as "illegal" (after months of delay), obviously because the two illegally appointed Constitutional judges swung the balance. Now, combine this with leaked recordings from last year between Ursula von der Leyen and one of these mentioned parties, in which von der Leyen implies that Bulgaria can abuse the system and bypass the requirements, and you can see the whole situation is orchestrated and non-transparent. I personally believe Bulgaria is not ready for the Euro yet and adopting it would collapse our economy the moment a global financial crisis occurs. After all, joining the Euro is a not even a requirement, nor a guarantee for a successful economy and Sweden, Poland, the Czech republic are all examples of this. In conclusion, since the Lev is already tied to the Euro, the Euro could mostly benefit big companies, most of which are owned by oligarchs and politicians already, while adopting it carries increased risk in case of a financial crisis.

Lev all the way! Long live Bulgaria!

They have peg their currency to the euro since ever, what s the point to keep the lev? You just pay more interest on debt and loans

I think the reason for the lack of public support for the euro is that there is a general fear amongst the poorer members of society that the euro will cause general rounding up of all prices without a commensurate increase in wages and pensions to compensate.

@smallshaq8521

21 күн бұрын

много точно казано!

We are goiod with our Polish złoty, I think. We sure have inflation but changing curency won't fix it. And we know what happens when you join the Euro Zone when you shouldn't (looks at Greece).

Thank you for the video. Amazing work! What about of Romania? I heard that Romania reached the same GDP of Portugal. If Portugal has belonged to the Eurozone since the early 2000's, Romania should be near to join Eurozone, right?

@naydennaydev7071

27 күн бұрын

I guess Romania can, but they don't want to.

Some of the data is a bit outdated on the video, but could also very well be on the depending source, since Eurostat and the IMF and worldbank (which is with the most outdated data) show different economic data, but imo IMF is the most reliant and consistent source out there, and it also checks out with the National Statistics Institute of Bulgaria. I would either recommend using IMF for economic data or countries' national statistics institutes

I personally believe that the first criterion is too restrictive; Wouldn't it have been sufficient to require an inflation rate no higher than the Eurozone average?

We would like to vote for this first.

It’s not going to happen next year. There has been a political crisis in Bulgaria since 2020 and it doesn’t seem like it will be resolved anytime soon. Anyway, excellent video! 👏🏼

@louis-philippearnhem6959

28 күн бұрын

In Belgium we have political crises since 1830 😅 so this can’t be an argument. This is democracy. 🇪🇺

@naydennaydev7071

27 күн бұрын

​@@louis-philippearnhem6959 yeah, but Belgium has always been more developed than Bulgaria, hasn't it?

In Croatia 🇭🇷 there was alot of those left-parties against the Euro, scarring the people with rising prices, and disregarding the fact these had already been going up "naturaly". For us joining the Eurozone was a good decision as our economy is directly linked with the older Eurozone members and the prices had for a long time been, off the record, also shown in Euros, especialy for more expensive things like cars, apartments etc. I guess it is simmilar in Bulgaria (and Romania) as it is in Serbia which is not even a EU member.

@ivicaanic5213

28 күн бұрын

nope Croatia is bad example, country was given green light even it was never really ready for Euro. So yeah now Croatia has top 3 highest inflations in EU and in the adoption year it was double digit high. Long term Eurozone memebrshiot is certainly positive but any country needs to be prepared for it seriously and Croatia was not ready neither for EU membership nor for Eurozone - it is example how EU does not have strict criteria, is over political disfunctional zoo of various interests with no clear strategy in real life. So its rules are telling one thing and decisions are made on some other, often murky reasons.

@maspalfiker

28 күн бұрын

@@ivicaanic5213 Please inlighten us, how Croatia was not ready for the EU. And inflation was higher at the start because of the greed from those rounding up the prices too high. Croatia can only benefit from the Eurozone membership as we have always been enocomy-wise dependeble on the trade with other Eurozone countries such as Italy and Germany, not to mention the countries from which we get most tourists from. Plus in the last 30 years, where and when would you hear someone buying a house or a car and expressing the price in anything else than the Euro or prior to that, in Deutschmarks

@ivicaanic5213

28 күн бұрын

@@maspalfiker I told you my opinion you can believe what you want

@Silver_Prussian

28 күн бұрын

When greece adopted the euro prices did rise significantly and not having the ability to have control over the currency when you need to in a harsh economic situation is specially limiting.

@globuscola

16 күн бұрын

​@@Silver_Prussian And THEY weren't ready. They cooked the books, lied about meeting the criteria. Their fault.

In my opinion you should've used the inflation rates for February, not December. Otherwise, great video!

Hi, can you give sources of the surveys that show the public opinion about adopting the Euro? I doubt that the percentage of people who are against adopting it is higher that the people who are for adopting it, but I might be wrong (hopefully not). Thanks for the informative video and I hope we'll join the Zone as soon as 2025.

It would be interesting to have a video with both perspectives on Bulgaria joining the Eurozone: the Bulgarian one as well as the European one. I always wonder if expanding the Eurozone has an impact on the Euro and economic stability.

Would like to see the next video about Hungary. We face a lot of problems regarding on the criteria, and I would like to hear your oppinion about it. Very informative video, keep up the good work. Fellow hungarian👋🇭🇺

Honestly, I hope Bulgaria will join the eurozone in january of 2025! I know for a fact that they truly worked hard and put in the effort to do so and deserve this victory.

I hope Bulgaria joins the Eurozone, but I am not optimistic about it happening in 2025.

@bellatordei3440

29 күн бұрын

I hope not 🇧🇬❤

@emigratednorwegian411

29 күн бұрын

As far as I know, Bulgarian govt has recently decided NOT to join the Eurozone. And I am sure there is a fair reason for any such decision. But foreign travellers may find it rather frustrating the extra doing exchanging to the country's local currency, and thus accept a certain exchange fee.

@user-kz8rn6lz2q

29 күн бұрын

​@emigratednorwegian411 there is no such design, the gove would like to join

@NickEnchev

29 күн бұрын

@@emigratednorwegian411 Oh no, they have to exchange currency, the agony!

@DaniilDimitrov

28 күн бұрын

Идиот

Does the EU do anything against Austria? Of course not.

Joining the Schengen area was opposed because of specific concerns on border security. No such problems with the Euro.

Yes! Bulgaria definitely will join Eurozone in 2025.

The opinion of many people in Bulgaria is formed by hearing of a cousin of the aunt of the uncle of a friend, who harvests strawberries in Western Europe and has said that the Euro is bad.

The Euro is a double-edged sword honestly, if the Eurozone does well, then the Eurozone members benefit, but if things go awry, then everyone suffers collectively, because of somebody else. If we retain the Lev, we have a certain control and can detach from the Euro, even if the other Euro member states don't like the idea. But technically, we have the power to do it. So yeah, I'm also on the fence if it's better to go with the Euroe or stick with the Lev... But our state is clearly chasing after the Euro, so... my opinion doesn't really matter, does it? x)

Romania is not ready to join the euro zone. The fiscal world in the country is not there yet.

Bulgaria joining the Euro Zone next year?. That depends on Bulgaria. But hey the more countries joining the Euro zone the better it is for the other EU countries to use the same currency without any currency swap exchange or some other registration nonsense.

I really hope Bulgaria adopt the Euro next year, but it will be really hard with the political crisis and still high inflation. 50% part of the population is against the Euro due to misinformation.

When are you gonna do an deep dive into the eu partys again?

Be patient, neighbors - you don't want to be the next Greece 😂

@thecatsari9217

28 күн бұрын

Yes, we don't want euro.

@h.h.8433

28 күн бұрын

Nobody wants it, its being forced on us. Obv you can see a bunch of clowns in the comments supporting it, probably being payed by Soros’s foundation - “America for Bulgaria”. It is a Murican project overall. It is forced on Bulgaria just like NATO, EU and other similar projects. Will soon be gone though, nobody in Europe supports the EU anymore, just a bunch of monkeys.

I’m from Bulgaria 🇧🇬

Currently in Germany and have bulgarian currency. Will it be extremely rare?

I hope we never do - just like Denmark, Czechia , Sweden , Poland & Hungary...

If Bulgaria maintained peg with DM and then EUR since the 1990s it is a no brainer that they join euro. It will simply reduce the risk profile of the country and unlock foreign investments and additional trades opportunities with the rest of the euro area.

@atanasarnaudov8253

28 күн бұрын

It isn’t something as simple as declaring a peg either. We maintain a gargantuan foreign currency reserve that most countries can only dream of. It is an active decision on Bulgaria’s part.

@vlad-marincalota6819

23 күн бұрын

@@atanasarnaudov8253 Because of the gargantuan inflation of the 90's of 150% per year. So the peg was decided.

The euro is good for big companies and convenient if you travel as a tourist. But for the normal population everything becomes more expensive. In the Netherlands everything became more expensive after the introduction of the euro. For example, a Euro was 2.20 Dutch Guilders. What happened to the price tags in the stores. A product cost 5 guilders = €2.27. but on the price card it was rounded up to €2.30. 10 Guilder= €4,68 -> €4,99 25 Guilder= €11,31 -> €11,49 50 Guilder = €22,86 -> €22,99 Etc. And then the psychological problem. Because all prices were in Euros, everything seemed half cheaper. I think it took five or six years that I kept converting everything into Guilders and Euros in my head.

@koenkeep

28 күн бұрын

When did things not become more expensive? And the netherlands has had very low inflation rates for years until the war in ukraine.

@naydennaydev7071

27 күн бұрын

2.27 -> 2.30 - that's just 1%, nothing really

@Qwerty10254

27 күн бұрын

You should have seen what happened to Italy. Prices suddenly doubled while salaries went up by only 50% or so

No euro for Bulgaria. Thanks. Why Denkmark and Sweden have not accepted it for so many years? I think they are smart.

Comparing euro to Schengen accession is not accurate. Western EU states were / are worried about illegal immigration. The euro accession is not as sensitive politically.

@stef_naste

27 күн бұрын

The problem is the Western EU states kinda encouraged that illegal immigration. When the actual Syrian refugees came to Bulgaria after the war started, there were no issues in the west but then the famous "Habibi come to Germany" video happened and "habibi" came and we're here now. Or maybe our governments can actually stop destroying their countries so they would want to leave?

@LucasMalki

27 күн бұрын

No one encouraged the Syrians To leave their country, the war did.

@i.m.3940

27 күн бұрын

Judging by whats been happening since 2015, some western european countries look like the exact opposite of being worried about illegal immigration lol

@stef_naste

26 күн бұрын

@@LucasMalki I agree because my family has suffered from something similar. Of course, not to the extend of the horrors that the Syrians suffered but I understand why they did this. I spoke regularly online with couple of Syrian guys before the war (we had similar interests) and I have nothing but respect for the Syrian nation. What they suffered was horible. Nobody runs away from the good. The problem is that many non Syrians started to portrait AS Syrians for benefits which is bad.

No, thank you! 😊

So it is possible! Thank you Denmark! Eurozone is not reversible - once you lose your economic independence, it is forever and looks more like a trap. We the BG would rather not go there.

I think it's absolutely necessary to preform a referendum about this hot topic.

Is the interest rate criteria really based on the three countries with the lowest inflation rate? I’m no economist but to me it sounds odd. I thought „best performing“ would mean the three countries with the lowest interest rates, not inflation rates 😅

I hope all eu countries adopt the euro by 2030

@ArendellianDisnerd

29 күн бұрын

Yeah, hopefully

@TorreFLoeckx

29 күн бұрын

I hope so as well. But probably not

@pep-qew1977

29 күн бұрын

Impossible. Poles don't want euro at all.

@claudiu8426

29 күн бұрын

No, thank you from Romania. I want to improve our exports and to stabilize the national currency. The examples of Croatia and Greece are just perfect.

@sorinpopa1442

29 күн бұрын

@@claudiu8426 Ya exactly Puck Euro ^^

Interesting how 49% are in favor. As a Bulgarian, I haven't experienced it, but it may be the 50% against just being louder against the Euro, with the people in favor nothing doing counter petitions and etc. I don't think we will have it by 2025 for sure.

Good luck, Bulgaria! I hope public opinion sways in favor of the Euro, it's good for your economic growth and integration, don't be Hungary. Here in Romania, people are 77%-80% in favor in every survey, but our politicians are far too incompetent and / or corrupt to meet the other criteria.

I hope so, but they should hold out till after full schengen, as a bargaining chip. I predict Romania and Poland will join by the early 2030's.

@bellatordei3440

29 күн бұрын

What bargaining chip most of our political elite are compradors for who it's a matter of prestige to undoubtedly obey to everything coming from Brussels

🇧🇬🦁

This video misses the key aspect of this country - Bulgaria is a unique case in economic history with a 25-year currency board. Bulgaria simply does not need the euro at this moment. They are practically tied to the euro, without having the obligation of a country part of the euro zone. There is no logic for them to accept the euro - they have a perfectly functioning currency board. You should make a video on this topic, although it is a very complicated subject.

@vlad-marincalota6819

23 күн бұрын

What currency board? The Leva is pegged to DM since the 90's because of the gargantuan inflation related to the fall of comunism. When DM was converted into Euro, it was dirrectly pegged to Euro. Because of this Bulgaria has to have giant reserves of Euro to keep it stable and because of the peg it does not have a monetary policy itself, it has ECB's.

@user-yu3er9ve1g

23 күн бұрын

@@vlad-marincalota6819 That is what I say. Bulgaria does not need the euro. The country has stable macro indicators because of the board. The fasters growing economies from Eastern Europe are the ones that keep their currencies- Poland, The Cheech republic and Hungary. This is not a coincident. Why Sweden, and Denmark also keep their currencies? They don't need the euro now. In the future that may change, but not now.

The amount of things needed to access the eurozone are counterproductive

Bravo

The inflation index from 5% come from get on European selary level from 320.00 Euro minimal by 2020 .To 390.00 Euros by 2023 years.And stability by 2024 years ,near to Euro standart Inflation by 1.5 % by the years.That so about the Euro level standarts for Unit in European financial union. Other is that just Bulgaria change her national Value.Thank you that you read and my Business position.

We got bulgaria into the eurozone before gta 6

if we accept euro in 2025 it will take us probably 10 years of misery until everything is balanced

You have merged Georgia and Belarus with RF on a map at the very beginning of the video. Since you did not forget about borders of Kazakhstan, Armenia and Türkiye, that mistakes look intended (which I believe is not the case). Also, that replacement of Cyprus does not look nice. Regardless of the beforementioned, this is a clear and informative piece. Thank you for your work!

@bellatordei3440

29 күн бұрын

The tentacles of Putler reached the EU youtube channel 😭

What many don't know is that, due to the low quality of life in Bulgaria, many Bulgarian migrants send money from abroad to Bulgaria. Without those funds from abroad, inflation will bankrupt the country. The grey economy is skyrocketing. There are no such things as paid holidays in that country. Even if they are it's not like you're having 20-25 days. The main fear among natives(I exclude people with higher education taking high-paid jobs. They are a tiny per cent of the population) is when you convert BGN to EUR their wage will be halved. An example is when you earn 900BGN monthly after conversion the wage will be 450EUR not 900EUR. It is anticipated that prices will continue to rise and not decrease anytime soon. Even though food prices in the UK are lower than in Bulgaria, the average weekly salary of £440 is still a challenge for most people. This is mainly due to the high costs of rent and council taxes. While many Bulgarians own homes, this is primarily due to the fact that during the communist regime, every working person could afford to build their own home. However, the reality today is quite different. Energy prices are excessively high and increase every year. In addition to this, the air quality in cities such as Sofia, Plovdiv, Varna, and Burgas is poor and causes respiratory diseases. The pharmaceutical industry is exploiting the nation with high prices of medical equipment. Furthermore, fast credit with high return rates has led many to live in poverty. The main reason for the brain drain and significant migration to Western Europe, the USA, or Canada is because well educated people and average people can earn more than they can in their own country. Demographic statistics reveal that this is a growing trend. On the positive side bulgarian spirit is strong and endures hardships.

And Poland and Romania will?

As a bulgarian i hope we stay with the levs

I am Bulgarian ,and from what I see most of the people here don’t want euro by many objective reasons .We want our lev .

I hope we don't join the eurozone cuz I like our currency. I don't want us to become dependent on France and Germany

Did it ever occur to you to provide these videos in other languages? I feel that among the EU-scepticists there is a higher percentage of people who don't speak English, compared to EU-proponents. Therefore, many people miss the opportunity to learn more about the EU.

@EUMadeSimple

28 күн бұрын

We are thinking about it . Especially as a lot of our audience are Brits and Americans. Which is great but not our target audience :)

@Qwerty10254

27 күн бұрын

You guys are something else. "Everyone who doesn't agree with EU propaganda is a dumb peasant who only knows one language" 😂

@MaRio-jw7fd

27 күн бұрын

@@Qwerty10254 Yeah...exactly what I wrote and meant.

@Qwerty10254

27 күн бұрын

@@MaRio-jw7fd I really feel sorry for you, must be shitty to live in your bubble

@MaRio-jw7fd

27 күн бұрын

@@Qwerty10254 Thank you for your condolences, I really appreciate it!

Yeah, I think Bulgaria will join the Euro quite soon. I think Sweden will too, in a few years time.

Hope Bulgaria will join Eurozone and accept Euro in 2025!

As a Bulgarian i can say that in my opinion joining will be one of if not the biggest mistakes made by both EU and BG governments. Greece crisis will be a walk in the park compared to the level of corruption that will be unleashed if we are allowed in.

Now make a video about which countries WANT to join the Eurozone...

In your opinion, when will Romania most likely join the eurozone ?

Now that there is growth in Bulgaria, in Greece we will finally get our rightful place as the poorest country of the EU, unless ALbania, Bosnia or Belarus and Montenegro decide to join. :P

i wish for us to keep our Lev

You often hear that everything has become more expensive with the introduction of the euro. For example in the last Euro member Croatia, and years ago in my country the Netherlands. Prices will also rise in Bulgaria with the introduction of the euro. So be warned Bulgarians! The euro is good for big companies, for the big money and for the dreamers of a European political superstate. The euro is bad for the common man.

their are need independent cooperations whit New World this's also future of EU....

Yes

better if they don't. Croatia joined and price of everything went double and on top of that we lost our own currency, a national pride

I really hope we join the euro zone

@user-mf5ue6rc5n

24 күн бұрын

That will be a big mistake

@ivchugagx1113

23 күн бұрын

@@user-mf5ue6rc5n i have studied enough to say that we will benefit really much so it will not i was against the euro but after i studied the benefits of it i am for it so bro its not a mistake

No, Bulgaria will not join the EuroZone next year. And although I am a Bulgarian, who strongly support the adoption of the Euro, if I was a member state, observing what of a sh*t show is happening at the moment on the Bulgarian political scene, I would vote NO, for sure.

Bulgarians actually wanted to have a referendum on the Euro adoption. 500,000 signatures were needed to initiate a referendum, 650,000+ were collected, but the Government dismissed it as unconstitutional, because "we had promised the EU". The Bulgarian Government does not speak for the Bulgarian people. They are selling our country to the highest bidder and we pay the price. In truth, the majority of the Bulgarian people wants to keep the Lev, because, if the Euro loses its value, we can peg the Lev to the Swiss franc and thus save our country from economic destruction, one we have already suffered in 1996 and 1997.

The EU is also working on a digital euro/cbdc. The digital euro will bring slavery. Choosing the euro is choosing the digital euro, is choosing slavery.

I hope we never adopt the Euro. I truly hope this never happens.

Basically many Bulgarians forget that the Bulgarian lev has been pegged to the EUR for decades. Funny how Bulgarians use it when they talk about cars, mobile phones or many items of more value. also it is very easy to calculate items in EUR because you simply divide the prices in BGN by 2. 1€= 1,95лв. I guess the fear is logically because we had a very, very serious financial crisis in 1996-1997. However, one cannot deny that the then introducted currency board has been very successful. Macroeconomics in Bulgaria were always generally good. No financial problems similar to Greece, no weak lira similar to Turkey, low corporate tax of just 10%. Biggest problem is the huge loss of population and the "golden" generation of the 90s and the remainder of the less educated and more elderly in the country or the ones who lost faith of rebuilding the country. Yes, communism had its dark size but one cannot deny that Bulgaria was quite prosperous and Todor Zhivkov tried to turn a relatively rural country into a much more industrialised one. Once upon a time, Bulgaria used to produce computers, electronic calculators, advanced agriculture, etc. Is it better following EU? Yes and no. The fear of introducing the EUR leading to higher prices remains questionable, but will lead to much less barriers for sure. I am a recent returnee that has lived for quite a long time in Western Europe and been and still using the EUR today. It is just very easy to visit another EUR country and not think or worry about the exchange rates. Bulgaria can learn from Slovenia and especially the Baltic states instead of being obsessed with Greece and Italy, which had a bitter experience.

@bellatordei3440

29 күн бұрын

No, they don't forget and it was chained to the German mark not to the euro. Their fear comes because they read/listen/watch/follow lots of anti euro propaganda which you don't - that's why ure so optimistic. If you start to watch it, you'll also become a skeptic. Also that about communism is a complete propaganda that can't be more untruth.

@nemtv2

29 күн бұрын

@@bellatordei3440 Те Възраждане държат голяма част от вината за страха на народа от Еврото дето "ще ни премахне независимостта на лева", която е изчезнала делеч по време на прехода след хиперинфлацията

@Artemesis

29 күн бұрын

България е полумъртва държава, оправлявана от корунпирани бифши комунисти. Идеята да приемем еврото започва поради кризата 1997, но сега е само, за да може да се краде повече, не знам за тебе, но повечето семейства живеят "заплата до заплата" и нямат много голяма свобода да си купуват каквото и да е. Погледни навън, караме 20-30 годишни стари коли, носим "нови" дрехи внесени от Германия или Франция мислейки си, че са нови. Сигурен съм, че ако излезеш навън и се огледаш в близките 200-300 метра ще има казино. Влезеш вътре и ще видиш всяка генерация била тя златна или не, от баби до 14 годишни. Пенсионерите живеят в мизерия, децата нямат образование, а възрастните си скъсват гъза от работа за 1000-1200 лева на всякъде извън София и Пловдив. Не че в столицата е по-добре, но поне получават малко отгоре. Да винаги ще има някой, който е по-добре от останалите, но това е 1 на 100. Приемането на Еврото ще доведе до скок в цените с около 10-15%(Финансови ексерти го говорят по телевизията, която е под контрола на държата, така че може да е и повече от 15%) в зависимост от стоката, което е директен удар под кръста за повечето живеещи в страната, реално това няма да облагодейства, който и да е малък бизнес, а по-скоро големите( осбено чуждестранните - Кауфланд, Лидл, Метро, Икея и така нататък). Зарежи комунизма 35 години минаха от тогава, реално еврото само ще подпомогне бягането на "запад", което със сигурност е най-добрата идея за всеки българин, който не наследява никакъв бизнес от семейството.

@NickEnchev

29 күн бұрын

Nobody forgot that its pegged, some people make the argument that Bulgaria is basically already sort of using the Euro because the Lev is pegged, which is nonsense.

Can we get update on this in June?

@EUMadeSimple

26 күн бұрын

yep. There will be an update

@bankaiiibankaaa4573

17 күн бұрын

Bankai

Много коректно, обективно и информативно видео!

In Minute 2:27 Bulgaria joins the Euro with only 22%, after joining they will have everyones debt

❤❤

I want Bulgaria to join the Eurozone cause Im pro western 👍👍👍👍

@Kurec3937

29 күн бұрын

You do realise what’s going to happen to Bulgaria with our leaders right?

@user-go8gn4gd7u

29 күн бұрын

@@Kurec3937 maybe

@TwilightTF2

29 күн бұрын

w

@Belaziraf

29 күн бұрын

That's the wrong motivation. Joining Eurozone have almost no impact for most common people 50 and over. But quite a lot of potential opportunities for younger people, future generations, small and mid size businesses. Joining won't necessarily make Bulgaria more western. The borders will open and it will be up to Bulgaria to attract potential residents. Traditions and way of life usually evolve very slowly, and that's also what make EU strong. The acceptance and the persistence of national identities. Different people with different culture have different way of thinking. That's the modern way for faster breakthrough in sciences (all sciences, not just tech) and giving birth to new ideas. We won't need to look everywhere for brains. The issue is to keep those brains in EU first.

@tsvetoslaviliev6641

29 күн бұрын

Everything is gonna be more expensive