Bulgaria's president calls for referendum on euro despite court ruling it would be unconstitutional

Prime Minister Rosen Zhelyazkov firmly defended Bulgaria’s European path and the country’s accession to the eurozone in response to President Rumen Radev’s call for a referendum on the euro. Zhelyazkov emphasized that Bulgaria had already committed to joining the eurozone through the ratification of the Treaty on Accession to the European Union. According to the Prime Minister, the National Assembly, as a legitimately elected body, had made all necessary decisions regarding the adoption of the euro. Zhelyazkov reminded that the Constitutional Court had ruled in 2024 that a referendum on the introduction of the euro was unconstitutional. He stressed that the assessment of Bulgaria’s readiness to join the eurozone is carried out by independent institutions, including the European Commission and the European Central Bank, through convergence reports. In his statement, he underscored the benefits of joining the eurozone, including increased economic transparency, lower interest rates, and greater investor confidence. Zhelyazkov argued that the most important outcome would be the consolidation of democracy as a defining value.
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