The formal launch of the procedure is expected as part of the Commission's spring economic package on 3 June
SOFIA – Bulgaria is set to be placed under the EU’s excessive deficit procedure on Wednesday, just months after joining the eurozone, Prime Minister Rumen Radev said on Friday.
Radev accused the previous centre-right government of manipulating fiscal data to secure Bulgaria’s eurozone entry on 1 January 2026, following a bitter political battle over whether the country met the convergence criteria.
“They lied to push Bulgaria into the euro,” he told reporters on Friday after returning from Brussels. Radev came to power in May after his left-wing populist Progressive Bulgaria party won April’s election, securing Bulgaria’s first single-party majority in three decades.
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