Finance › Speeches › Paschal Donohoe

‘Bulgaria has now met all the necessary criteria for euro area membership’ - statement by the Eurogroup President, Paschal Donohoe

· Paschal Donohoe, President of the Eurogroup (Euro area (EU))

Summary written by Dark Majestic in its own words ·

PD
· Paschal Donohoe Wiki · Eurogroup Wiki‘Bulgaria has now met all the necessary criteria for euro area membership’ - statement by the Eurogroup President, Paschal Donohoe

ContextWritten statement after the Commission and ECB convergence reports on Bulgaria; the Eurogroup coordinates euro area economic policies and prepares decisions on new members joining the euro.

Why it mattersThe Eurogroup confirms Bulgaria meets the conditions to adopt the euro, opening the final steps to membership.

Problems raised
  1. Bulgaria sought euro membership.
  2. Accession requires meeting criteria.
  3. Next steps must be managed.
Solutions proposed
  1. Confirm Bulgaria meets the criteria.
  2. Support Bulgaria's accession.
  3. Work with the government on next steps.
Read full speech on consilium.europa.eu ↗

More from Paschal Donohoe · Eurogroup · all speeches

More speeches by Paschal Donohoe