Bulgarian PM Rosen Zhelyazkov and government resign weeks ahead of entry to euro
Move follows widespread public protests against proposed tax rises
Move follows widespread public protests against proposed tax rises

Tens of thousands protest against fragile coalition’s tax rises, threatening eighth snap election since 2021

Euro adoption vilified by Moscow-leaning politicians and social media campaigns

Though the Bulgarian lev was already pegged to the euro, the country had much to gain by joining the currency union

Rumen Radev’s anti-Europe stance makes a stable coalition unlikely, say analysts

Bucharest committed to tax rises and spending cuts despite popular backlash, says finance minister

Many governments have not come clean with voters about the growing fiscal strains on the welfare state