News
Thousands Protest in Bulgaria Against Euro Adoption, Demand Referendum on Currency Change
Thousands of Bulgarians rallied across the country on Saturday to protest the government’s plans to adopt the euro and replace the national currency, the Bulgarian lev. Demonstrators called for a national referendum on the issue, warning that eurozone membership could lead to higher prices and the loss of economic sovereignty.
The protests, organized by the ultranationalist Revival Party and several non-governmental organizations, took place in the capital Sofia and multiple other cities. Demonstrations began around midday and drew large crowds voicing opposition to the government’s euro adoption agenda.
“Bulgaria must preserve its currency and its freedom,” said Revival Party leader Kostadin Kostadinov during the Sofia protest. “We do not want the Bulgarian lev to be destroyed. The people want a referendum, and the government must respect that will.”
The protests come amid renewed efforts by Bulgaria’s newly formed government to prioritize eurozone membership. The administration, which took office last month, has named entry into the euro area as a central goal of its economic policy.
Opposition groups argue that the government is moving too quickly and without sufficient public consultation. Many fear that joining the eurozone will lead to inflation, rising costs of living, and diminished control over national monetary policy.
Bulgarian President Rumen Radev recently submitted a formal request to the National Assembly to hold a referendum on the issue. Though the proposal has yet to be debated, it reflects growing pressure from both citizens and opposition parties for a direct vote on the country’s euro ambitions.
In 2024, the European Central Bank ruled that Bulgaria did not yet meet the necessary convergence criteria to join the eurozone, primarily due to its high inflation rate. Nonetheless, the government continues to press forward with preparatory steps.
Bulgaria is one of seven European Union member states that have not adopted the euro. Alongside the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden, it remains outside the currency union. All except Denmark — which has a formal opt-out — are obligated to join once they fulfill the economic and legal requirements.
As political tensions rise and public opinion remains divided, the future of Bulgaria’s currency hangs in the balance — with growing calls for the people to have the final say.
News
EU Must End ‘Naivety’ on Trade and Confront China’s Industrial Strategy, Says French Minister
France’s Minister for Foreign Trade, Nicolas Forissier, has called on the European Union to abandon what he described as “naivety” in its approach to global trade, urging a tougher stance on countries accused of distorting markets through industrial policy and trade practices.
Speaking in an interview with Euronews’ 12 Minutes With programme, Forissier said Europe must respond more firmly to what he described as the weaponisation of trade dependencies, warning that China in particular could damage its own long-term interests by undermining European industry.
“The Chinese have to understand that they won’t win anything if they destroy the European industry and then the European market, which is an essential market for them,” he said. “We must no longer be naive.”
His comments come as the European Commission prepares to hold an “orientation debate” next week on how to respond to a surge of low-cost Chinese imports. The discussion is expected to shape possible new trade defence measures, with further talks likely when EU leaders meet in Brussels in mid-June.
Forissier said the shift in thinking was not limited to China alone but applied to any country using commercial leverage to gain strategic advantage. “It is not only China,” he said. “It is all the countries that weaponise trade.”
Among the proposals under consideration is a requirement for EU companies to diversify supply chains, sourcing components from at least three different suppliers in order to reduce dependency on any single foreign market. Asked whether he supported such a measure, Forissier replied: “Yes, we have to.”
Other options include targeted tariffs on sensitive industries such as chemicals, alongside stronger use of anti-dumping and anti-subsidy tools to counter imports priced below domestic market levels. These measures are designed to address concerns over overcapacity in China’s industrial sector and its impact on European manufacturers.
The debate is taking place against a backdrop of widening trade imbalances. EU goods imports from China exceeded exports by €359.3 billion in 2025, marking an increase of nearly 20% compared with the previous year.
China has already warned it could retaliate if the bloc imposes new restrictions, raising concerns about potential escalation in trade tensions between two of the world’s largest economies.
France has repeatedly pushed for a more assertive European trade policy, arguing that state subsidies, export controls on raw materials and industrial overproduction in major economies are distorting global markets.
Forissier stressed that Europe must maintain open dialogue with Beijing while defending its own industrial base. “We try to respect the Chinese,” he said. “The Chinese have to respect us, and this is the message European institutions have to send.”
News
US Says Iran Talks ‘Borderline’ as Pakistan Pushes Diplomacy Amid War Tensions
News
US Green Card Rule Change Forces Most Applicants to Apply From Abroad
-
Entertainment2 years agoMeta Acquires Tilda Swinton VR Doc ‘Impulse: Playing With Reality’
-
Sports2 years agoChina’s Historic Olympic Victory Sparks National Pride Amid Controversy
-
Business2 years agoSaudi Arabia’s Model for Sustainable Aviation Practices
-
Business2 years agoRecent Developments in Small Business Taxes
-
Home Improvement1 year agoEffective Drain Cleaning: A Key to a Healthy Plumbing System
-
Politics2 years agoWho was Ebrahim Raisi and his status in Iranian Politics?
-
Sports2 years agoKeely Hodgkinson Wins Britain’s First Athletics Gold at Paris Olympics in 800m
-
Business2 years agoCarrectly: Revolutionizing Car Care in Chicago
