World-famous economist Prof. Steve Hanke, who introduced the currency board in this country said, in an interview with bTV, that Bulgaria’s accession to the Eurozone will raise the risk of higher inflation.
Prof. Hanke also criticized the way in which the adoption of the euro is being analyzed and pointed out that it was a political decision, adding that that was the old approach by the Borissov government which wanted to do it in secret. Prof. Hanke said further that there has been no cost-benefit analysis of the adoption of the euro for society and for the economy, adding that such an analysis has to be done by the Bulgarian National Bank and the Ministry of Finance.
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Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
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