05 June 2025
Populism over Principle
As EU officials arrive in Sofia to celebrate Bulgaria’s readiness for euro adoption, nationalist-fueled protests erupt in the streets. The tensions were triggered by President Rumen Radev’s unexpected call for a referendum on whether the country should join the euro on 1 January 2026 – despite Bulgaria having met all convergence criteria after years of effort. Far from a genuine democratic impulse, the move appears to be a populist gamble, trading legal commitments and European credibility for short-term political gain.
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