Scratchpad ()

Bulgaria takes another step towards the adoption of the euro

Economy

Ministers approved signed on March 2, 2012 and the Treaty on Stability, Coordination and Governance in Economic and Monetary Union and the National Assembly to ratify the press office of the cabinet. The document is a set of rules aimed at strengthening budgetary discipline through a fiscal Pact, strengthening the coordination of their economic policies and improved governance of the Eurozone, thereby supporting the objectives of the European Union, said the first article of the Treaty.It applies fully to the Contracting Parties whose currency is the euro and the other Contracting Parties will to the extent and under the conditions specified in Article 14.

In this regard, the Government adopted a declaration which commits to the implementation of all provisions of Title III, as of January 1, 2014. It refers to fiscal discipline and the principles it consistent with the principles that should Bulgaria to maintain strict budgetary discipline and macro - financial stability.

To accession to the Eurozone apart Title IV, which refers to the coordination of economic policies.

Source: http://bg-daily-news.eu

(07.11.2013)