Дpaги cънapoдници, кaквo миcлитe зa eвpoтo?

Дpaги cънapoдници, кaквo миcлитe зa eвpoтo?

did you settle on the final designs little bro?

You had currency pegged to euro so its same like you are already having euro. Nothing even happeneds

нищo нe миcля, зaщoтo никoй нe ми oбяcни зaщo e тoлкoвa вaжнo (ocвeн чe пo-лecнo щe ce нaгpyхтявaмe c дългoвe)

This is what I tell most people who get whipped up with nationalist fervor - our currency has been pegged to the euro for 26 years, what difference does it make if we call it lev or euro at this point?
Some have countered that we live in a unique time where our debt to GDP ratio is amazing, compared to the rest of the EU, and if we adopt the euro now, we would take on part of the debt of much richer European countries, which would essentially bankrupt us. I'm no economist, I don't know if that's how things work, so naturally I must reach out to Anon Babble. Better than reddit in any case...

we took the euro and everything went to shit don't do it (i know you don't have a choice)

Yeah, at least for the coins. They'll pretty much stay the same as the current ones...

Is there any truth to the idea that Eurozone countries, at least partially, share debt?

Htel bih da imamo evroto vo Polsha da ne morame da mqname valqta u mqnqchnitsa sekoj put posle dan na zaplata da ne gubi vrednost

Знaм, чoвeк, мнoгo e злe. Hикoй нищo нe ти oбяcнявa кaтo хopaтa...

Da li chuvstvuvash da zhivesh po-loshe pod qrmoto na evro nego shto si zhivql pre sa levot?

I don't know. Maybe the euro makes sense for Poland's current economic situation. The question is, does it make sense for Bulgaria?

I think it makes more sense for Bulgaria than for Poland because a large share of your income comes from tourism and having the euro encourages tourists to choose your country because they have less money exchange issues

Also I wasn't sure if you would understand my mixed dialect but apparently you did, great.

Nope you wouldnt pay debt of other countries. If you had free float lev you could devaluate it and make exports cheaper. If EU countries started going bankrupt interest you pay on euro bonds would increase but it wont haplen as Euro is global currency just like dollar

do most Serbs want to join the EU currently or more people are against it?

No althought theyshare interest on their debt a bit. For example if serbia adopted euro our intereest rates on bonds would lower to eurozone average which would be good. Bulgaria has already low interest rate so change wont be noticable. For example if France fiscally collapsed maybe you will have to pay higher interest rate than now but you will probably pay lower interest rate than with lev

1/3 for, 1/3 doesnt know, 1/3 agaist

which side are you on personally?

That's a good point, adopting the euro would ease much of the friction associated with tourism. Tourism is kinda like a sly method of export, where the importer pays the shipping fees, by shipping himself back and forth...
Yeah, I understood everything, but I was extremely confused at the same time, because it sounds nothing like the modern Bulgarian that I'm used to. That's also why I switched to English, cos I wasn't sure how to proceed... But I did understand everything :)
Hmm, ok, interesting...

Strongly for. Keep in mind most of anti eu people are doing it just because they think they will require us to recognize kosovo

and before that to the soviet ruble and before that to the french franc. the only time it was independent currency was 1990-1997 period which resulted in hyperinflation.

because it sounds nothing like the modern Bulgarian that I'm used to.

yeah, I speak like people in Skopje do

the cents look good, those full coins though....

and if we adopt the euro now, we would take on part of the debt of much richer European countries, which would essentially bankrupt us

No, we don't take on their debts as in literally debt to GDP. We take on their debts through the Euro, which will be centrally inflated to accommodate them and provide a "too big to become the next Weimar Germany" way out for them. Who pays for that? Everyone who inflates. But their populations get the benefit of using the inflation as a means of retaining their current living standards, while ours will just stagnate because there's no benefit whatsoever in devaluing the obligations of a country that has very few of them like Bulgaria. Our strategic resource is the fact that against all odds we're still at the absurdly low debt/GDP ratio, and this loses its value when we join a monetary union of 150% shitholes like Italy. We become their cushion so that they don't collapse and do a Mussolini again.

And yes, we are in a way already doing that right now and have pegged our inflation to theirs, BUT we can always easily depeg and peg to the dollar, or yuan, or gold or bitcoin or whatever the fuck we desire. If meme countries like El Salvador can randomly elevate BTC as a legal tender then anything is possible. This disappears upon the forceful introduction of the Euro which is opposed by 2/3rds of the nation. Oh and by the way you would think, "but there surely must be some benefits right?". No there aren't. The bullshit about western investors finding it easier to invest here is false. Euro or not they will refuse to invest here out of strategic guidance by their state, because Bulgaria is seen as highly likely to flip over to Russia in the case of an escalation so investing in us is like investing in Russia in a way. This fear will absolutely never go away until you renounce your culture, become a Catholic and start using the latin script, which is obviously never going to happen and shouldn't ever happen.

By the way forgot to mention the best example of this - Greece. Instead of being allowed to run a perpetual welfare state, they were forced to impose austerity on their population because they're too irrelevant and no one gives a fuck. Germany and France will never do that. They are going to imagine the dumbest bullshit ever and find a way - trillion-dollar rearmament, strategic autonomy from America and Russia by funding their energy sector with gibs, muh Europoor SpaceX - you name it. You will absolutely never be allowed to do any of that and will always be at the mercy of Rheinmetall *maybe* investing here if they feel like it. That is, after Kaufland and Metro and Billa drain the net inflow as a net outflow back into the west.

And the original -exit suffix was actually Grexit not Brexit. What was it about? It was about people realizing all of the above and trying to flee from the Eurozone en.wikipedia.org/wiki/Greek_withdrawal_from_the_eurozone , alas too late. You can't exit it. You become too dependent and interconnected to them, especially if you're some balkan shithole in the middle of nowhere.

Thank you, this is exactly the type of answer I was hoping for when I made this thread. Since my position essentially boils down to "this is a nothingburger", I wanted someone, who thinks otherwise, to at least tell me why they do so.
So, if I get this right, the basic idea is:

"No, we don't take on their debts, but we know they'll keep inflating to cover those debts, and keeping the Lev means we have the option to decouple from their inflation at some point in the future."

The question is, do we really? Since we currently are coupled to their inflation, and we have promised to join the Eurozone eventually, do we really have the option to do all that?

Since we currently are coupled to their inflation, and we have promised to join the Eurozone eventually, do we really have the option to do all that?

Yes of course. And in the real world there is no "because we promised", or, "oh no we're legally obliged to join!!!". No one gives a fuck. Refusing to join will not lead to fifty divisions crossing the Danube to make us join by force. The real world is not made up of cute promises and bffs holding hands with butterflies flying all around us. It's made up of backstabbing, opportunism and radical materialism. Look at what Turkey is doing. Despite being openly hostile to Europe and actually being responsible for half of the refugee load and imprisoning the opposition and whatnot, they're still in cordial relations with the EU and the EU needs them as an access point to the ME and beyond. No one's doing anything against them. Spoiler alert: we're positioned right before Turkey and can play the exact same role in the exact same way that we played it when Germany desperately begged us to join their alliances in the two wars. We can barter with our location. There are no legal or moral obligations that can effectively apply to us unless the EU has the military capacity and public support to randomly bomb us, or has chosen to invite Serbia over so as to bypass us. We can be Hungary on steroids. But we are being reeled in by force specifically to deny us the ability of potentially growing a spine in the near future.

The difference between us and Turkey is 80 million people. That's why they can be so bold.

Or... a spine. As I said, they do not have the means of having their hundreds of millions threaten us militarily. They cannot solve the problem with a military force that they don't even have. The difference in population sizes is irrelevant. Little Hungary is still sitting there and annoying them despite it not having the strategic benefits of Bulgaria.

But they can easily solve the problem by whipping their corrupt puppets here and forcing them to bypass any referenda and just cram us into the Eurozone by force. That is the purpose of the forced Euro adoption - so that they don't end up with two Hungaries.

Ok, I seriously thank you for your time, this level of engagement is rare for Anon Babble, and even rarer for the Bulgarian political sphere.
You've left me with food for thought.
Have a nice evening!