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Bulgaria's adoption of the euro is an economically irrational move that ignores lessons from past eurozone crises.
“As a purely economic thing, it's completely mad for Bulgaria to join the Euro. The most appalling aspect of all this is that we are not holding any economic discussion on these things.”
UnHerd · Jan 2026 · 1 episode · 62K views on this topicThe Eurozone is essentially a currency union with permanent fixed exchange rates rather than a true monetary or political union.
“And now that it didn't happen, the euro is not a a really monetary economic union. The euro is a currency union. Essentially, permanent fixed exchange rate mechanism, and that's how we should see this.”
UnHerd · Jan 2026 · 1 episode · 62K views on this topicExtracted by a model; may misattribute who said what.