ECB Calls for Revisions to Bulgarian Euro Adoption Law: Compliance Concerns Surface
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations. In an opinion published on the Bulgarian Ministry of Finance's website, the ECB underscores the importance of achieving full compliance with EU directives, particularly in the realm of monetary policy.
Notably, the ECB highlights potential conflicts between certain provisions of the draft law and the EU's exclusive authority over monetary policy in member states that have adopted the euro....