PM Borisov: The Path to the Euro Means Discipline, Security, Transparency

The path to the euro means discipline, security and transparency, said Prime Minister Boyko Borissov at the 13th meeting between the business and the government, Focus News Agencyreports. He stressed the banking union would put major banks under control. “Huge efforts are made, it is not easy because we have to convince our partners that things are all right,” he said. He mentioned lower interest rates on loans among the benefits of introducing the euro, along with a stable banking system and assistance in the event of a financial crisis. “But the important is to discipline the banking sector, prevent what happened with CorpBank. This cannot happen if Bulgaria is in this club,” the prime minister said.

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