{"id":131959,"date":"2024-06-27T09:20:25","date_gmt":"2024-06-27T06:20:25","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/bulgaria-makes-most-progress-on-euro-convergence\/"},"modified":"2024-06-27T09:20:25","modified_gmt":"2024-06-27T06:20:25","slug":"bulgaria-makes-most-progress-on-euro-convergence","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/bulgaria-makes-most-progress-on-euro-convergence\/","title":{"rendered":"Bulgaria makes most progress on euro convergence"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/131959\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nBulgaria has fulfilled all but one of the conditions for adoption of the euro single currency, the European Commission found Wednesday, as it published its 2024 Convergence Report. The report, the Commission&#8217;s assessment of the progress non-euro area Member States have made towards adopting the euro, covers the six non-euro area Member States that are legally committed to adopting the euro: Bulgaria, Czechia, Hungary, Poland, Romania and Sweden.<\/p>\n<p>Euro area accession is an open and rules-based process. The report is based on the convergence criteria, sometimes referred to as the \u2018Maastricht criteria&#8217;, which include price stability, sound public finances, exchange rate stability and convergence in long-term interest rates.\u00a0The report concludes that Member States covered in the report display mixed results in terms of nominal convergence. None of these Member States currently meets all of the criteria for joining the euro area. Bulgaria is the only country that fulfils all but one criterion and where national legislation can be considered to be compatible with the rules of the Economic and Monetary Union<\/p>\n<p>The report concludes that:<\/p>\n<ul>\n<li>Sweden fulfils the price stability criterion.<\/li>\n<li>Bulgaria and Sweden fulfil the criterion on public finances and Czechia is expected to fulfil it on the basis of the Commission report under Article 126(3) of 19 June.<\/li>\n<li>Bulgaria, Czechia and Sweden fulfil the long-term interest rate criterion.<\/li>\n<li>Bulgaria fulfils the exchange rate criterion. None of the other Member States are a member of the Exchange Rate Mechanism (ERM II): at least two years of participation in the mechanism without severe currency tensions is required before joining the euro area.<\/li>\n<\/ul>\n<p>The Commission&#8217;s assessment is complemented by the European Central Bank&#8217;s (ECB) own Convergence Report, which has also been published on Wednesday.<\/p>\n<p>The report also finds that legislation in Bulgaria can be considered compatible with EU law subject to the conditions and interpretations set out in the Convergence Report. National legislation in the monetary field is not fully compatible with the rules of the Economic and Monetary Union in the other five non-euro area EU Member States examined.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.eubusiness.com\/news-eu\/bulgaria-euro-convergence.26gs\/\">Read more<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.eubusiness.com\/news-eu\/bulgaria-euro-convergence.26gs\/\">EUbusiness<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/bulgaria-makes-most-progress-on-euro-convergence\/\">Bulgaria makes most progress on euro convergence<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[2593,274,606,607,608],"class_list":["post-131959","post","type-post","status-publish","format-standard","hentry","category-news","tag-bulgaria","tag-eu","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/131959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=131959"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/131959\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=131959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=131959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=131959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}