Bulgarian President Rumen Radev announced that he will submit a request to parliament to hold a referendum on whether the country will adopt the euro as its currency.
"Bulgaria, as a full member of the European Union (EU), is facing a strategic decision - the introduction of a single European currency," Radev said in his national address.
He emphasized that the referendum will be a test of the democracy of the National Assembly and that it will show who follows the principles of democracy and who denies Bulgarians the right to determine their future, reports Capital.ba.
"The referendum will be beneficial for Bulgarian democracy," Radev said.
The path to the eurozone has not been easy for Bulgaria. The European Central Bank (ECB) announced last year that the country could not join the currency union because inflation in the country was too high.
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