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Bulgaria to Hold Referendum on Euro Adoption Amid Political and Economic Debate
In a move that could reshape the country’s economic future, Bulgarian President Rumen Radev announced he would submit a request to parliament for a referendum on whether the country should adopt the euro as its official currency.
“Bulgaria, as a full member of the European Union, faces a strategic decision — the introduction of the single European currency,” Radev said in a national address. “The referendum will be a test of the National Assembly’s democracy and will show who is following democratic principles and who is denying Bulgarians the right to determine their future.”
The push to adopt the euro comes amid years of political turmoil and economic challenges for Bulgaria, which has been part of the European Union since 2007. The decision to pursue eurozone membership has not been without its hurdles. In 2024, the European Central Bank (ECB) rejected Bulgaria’s bid to join the currency union, citing high inflation as a major obstacle.
In February 2025, the debate reached a boiling point when police in Sofia clashed with nationalist protesters who opposed the government’s plans. About 1,000 demonstrators gathered in front of the European Commission’s Sofia office, throwing red paint and firecrackers at the building, which resulted in a door being set on fire.
While the new government, formed just last month, has made joining the eurozone a priority, not everyone is convinced that Bulgaria is ready for the economic shift. Some economists argue that the country does not yet meet the necessary economic conditions for euro adoption, citing issues such as inflation and fiscal stability.
However, the Bulgarian government, with the backing of pro-European parties in parliament, maintains that adopting the euro is crucial for deeper European integration. As geopolitical tensions rise in Europe, they argue that adopting the euro would help secure Bulgaria’s place within the European project.
At the same time, nationalist factions, particularly those with pro-Russia sympathies, have ramped up opposition to the eurozone bid. These groups are reportedly spreading disinformation in an effort to sway public opinion and create fear around the potential impacts of euro adoption.
As Bulgaria moves toward the referendum, the country finds itself at a crossroads. The decision to adopt the euro will not only affect the economy but could also reshape the nation’s political and diplomatic future within the EU.
The outcome of the referendum remains uncertain, with significant divisions within the country about the advantages and risks of joining the eurozone.
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Trump Weighs Troop Cuts in Spain and Italy Amid Growing Rift Over Iran War
President Donald Trump said on Friday that he is considering reducing the US military presence in Spain and Italy, widening a dispute with key NATO allies over their opposition to the ongoing war with Iran.
Speaking to reporters in the Oval Office, Trump suggested both countries had failed to adequately support Washington’s military campaign in the Middle East.
“Yeah, probably, I probably will. Why shouldn’t I?” Trump said when asked whether he would withdraw troops from the two countries. He added that Italy “has not been of any help” and described Spain as “absolutely horrible.”
The comments came just one day after Trump floated a similar proposal regarding Germany, following criticism from German Chancellor Friedrich Merz over the administration’s handling of the Iran conflict.
Trump has repeatedly argued that the US-led campaign against Iran serves the security interests of the entire Western alliance. He has expressed frustration that several NATO members have not provided stronger military or political backing, particularly in efforts to counter Iran and reopen the Strait of Hormuz.
According to the latest Pentagon figures, the United States has about 36,000 troops stationed in Germany, roughly 12,600 in Italy and nearly 3,800 in Spain. While Trump did not specify the scale of any potential reductions, reports in US media suggest the cuts under consideration could be substantial.
Tensions with Italy have grown in recent weeks after Prime Minister Giorgia Meloni publicly questioned the war. Trump, once a close ally of the Italian leader, accused her of lacking the courage to fully support the campaign.
Relations with Spain have been strained for longer. Disagreements initially emerged over Madrid’s stance on the war in Gaza and later expanded to include defence spending and NATO commitments. Spain has resisted Trump’s push for alliance members to raise defence spending to 5 per cent of gross domestic product.
Prime Minister Pedro Sánchez has said Spain will only increase military spending when it aligns with national interests. That position has drawn repeated criticism from Washington.
The Trump administration has previously threatened trade measures against Spain and has even raised the possibility of suspending the country from NATO. Reports last week indicated that such discussions have resurfaced amid Spain’s refusal to support the Iran campaign.
The diplomatic tensions come as the war enters its third month, with no clear end in sight. The conflict has disrupted global energy markets, especially after the closure of the Strait of Hormuz. Brent crude settled at around $114 a barrel on Friday, sharply higher than the roughly $70 level seen before the conflict began.
Trump’s latest remarks are likely to deepen divisions within NATO at a time when alliance unity is already under strain.
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Trump Threatens Troop Reduction in Germany Amid Dispute With Chancellor Merz
US President Donald Trump has suggested that the United States could reduce its military presence in Germany, escalating tensions with German Chancellor Friedrich Merz over the handling of the conflict involving Iran.
In a social media post on Wednesday, Trump said Washington was reviewing the possibility of withdrawing some American troops from Germany, with a decision expected soon. The announcement comes amid a growing public disagreement between the two leaders over US strategy in the Middle East.
“The United States is studying and reviewing the possible reduction of troops in Germany,” Trump wrote, signalling that the longstanding American military footprint in Europe’s largest economy could once again be under scrutiny.
Germany hosts some of the most important US military facilities outside the United States, including Ramstein Air Base, the headquarters of US European Command and US Africa Command, and Landstuhl Regional Medical Center, the largest American military hospital abroad.
Trump’s latest warning follows comments by Merz earlier this week, in which the German leader said Washington was being “humiliated” by Iran and questioned the effectiveness of the US approach to the conflict. Merz has repeatedly called for a clearer strategy and a diplomatic resolution to the crisis.
Despite the sharp exchange, Merz said on Wednesday that his personal relationship with Trump remained strong. He added, however, that he had harboured concerns from the outset about the military campaign against Iran.
The two leaders met at the White House in March, shortly after the United States and Israel launched strikes on Iranian targets. At the time, Merz said Germany was prepared to work closely with Washington on future regional strategy, while also warning that a prolonged conflict could inflict serious damage on the global economy.
That concern has intensified as the closure of the Strait of Hormuz continues to disrupt global energy markets. The vital waterway, through which about one-fifth of the world’s oil supply normally passes, has remained effectively shut since fighting began in late February.
“We are suffering considerably in Germany and in Europe from the consequences of the closure of the Strait of Hormuz,” Merz said, urging all sides to seek a resolution.
Trump, however, has shown increasing frustration with Germany’s stance. In a post on Tuesday, he criticised Merz’s remarks on Iran and accused the chancellor of misunderstanding the threat posed by Tehran’s nuclear ambitions.
This is not the first time Trump has threatened to reduce US troop levels in Germany. During his first term, he announced plans to withdraw nearly 10,000 troops, citing Berlin’s defence spending. That proposal was later halted by the Biden administration.
Any renewed reduction would likely raise fresh questions about US commitment to NATO and European security at a time of heightened global instability.
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