September 24, 2022
In the most recent Eurobarometer survey, nearly half (46%) of Bulgarian respondents voiced their disapproval of the EU’s monetary union, which uses the euro as its single currency. Even if the “In favor” group has grown by three percentage points to 40% in the past six months, they still outnumber those who have adopted the euro.
14% of respondents “don’t know” or “refuse to answer” when asked whether they support the euro, which is the target date that the authorities have set for Bulgaria to join the Eurozone. Even those who are not required to adopt it or do not have any plans to do so, no other country in the EU has such a high percentage of people without an opinion.
As a result, Bulgaria, a nation in the “euro waiting room,” ranks third in terms of the percentage of people who oppose giving up their home currency.
The countries with the highest levels of disapproval include Sweden (72%), Denmark (69%) and the Czech Republic (59%). At the same time, Denmark was granted a waiver from the EU Treaty’s requirement that they eventually convert their kroner to euros. Bulgaria, then, has the third-worst attitude toward the euro.
The fact that respondents’ opinions of the state of the national economy have remained mostly unchanged for half a year is one reason for the results from Bulgaria. Only 10% of respondents say the situation is favorable, 84% (down from a pitiful 1 percentage point) say it is bad, and 6% (up 1 percentage point) are unsure.
Bulgarians are less gloomy than Europeans about their own circumstances and state during the coming year. In both assessments, 28% of respondents (for Bulgaria and on average for the EU) said that the situation will remain the same, while 44% (plus 8 percentage points) of Bulgarians and 53% (plus 22%) of Europeans, respectively, predicted a worsening of the situation.
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