GERB: Bulgaria’s Eurozone Membership Won’t Mean Bailing Out Others

Former European Investment Bank vice-president Lilyana Pavlova (from the ruling party GERB) has assured Bulgarians that joining the eurozone will not obligate the country to cover the debts of other struggling member states. Speaking to Bulgarian National Radio, Pavlova stressed that eurozone participation involves contributions proportional to GDP, with funds managed through the European Stability Mechanism, ensuring that support in times of crisis does not endanger the economies of member states.

Pavlova highlighted that the euro acts as a safeguard, providing security for citizens’ savings....