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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Bulgaria has delayed until July its plans to join the ERM2 Exchange Rate Mechanism, also known as the eurozone "waiting room", Prime Minister Boyko Borisov said Friday. "The timing that we are discussing is July, not April. Then both Bulgaria and Croatia will be reviewed," Borisov said after talks in Brussels with European Commission Vice President Valdis Dombrovskis. The Balkan country had previously said it hoped to join the ERM2 as soon as April. But Borisov said earlier this week that he would "slow down the tempo" of the process to ensure national consensus on the benefits of euro adoption. A change to the country's central bank law adopted earlier this month had led to fears of a possible devaluation of Bulgaria's currency, the lev, from its long-standing peg of 1.95583 leva to the euro. The change to the law stipulated that as long as Bulgaria is in ERM2, the central lev-euro rate would be negotiated with the European Central Bank, the eurozone member states and Denmark, allowing currency fluctuations of up to 15 percent above or below the central rate. "We will move towards the eurozone 'waiting room' with the current rate and only with absolute consensus in the country," Borisov said on Friday in a bid to pacify critics. "It's highly unlikely that there would be any other exchange rate than the current exchange rate according to which the lev is fixed with the euro," Dombrovskis added. The EU's poorest member state would need to spend at least two years in the mechanism before it is able to join the eurozone. In order to reassure Bulgarians, parliament adopted a resolution last week saying that it would only accept euro accession at the current rate. ds/jsk/wai
schema:headline	Bulgaria delays entry into euro 'waiting room' until July
schema:mentions	President of the European Commission European Exchange Rate Mechanism European Central Bank Bulgarians Eurozone Exchange rate Vice president Croatia Bulgaria Prime minister Bulgarian lev Brussels Denmark Currency Tempo European Union Hungarian National Bank Valdis Dombrovskis Devaluation Boyko Borisov Books of Swords
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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