''The reports by the European Commission and the European Central Bank justify all the concerns and reservations expressed by President Rumen Radev when he proposed a referendum on the euro'', Vice President Iliana Iotova said at the Iliеva Niva site near the town of Ivaylovgrad, where she attended the traditional National Thracian Youth Festival.

''You can see that the findings are quite serious, the warnings are substantial, and we get the impression that the European institutions are now granting us a huge credit of trust to fulfill all their recommendations — from the quality of governance and money laundering to the development and stability of the Bulgarian economy'', Iliana Iotova said, as quoted by BTA.

Vice President Iotova believes that the entire eurozone accession process should be allowed to unfold before more in-depth commentary is made. "The presidential institution has never spoken 'for' or 'against' Europe, but only about the pros and cons that would come with the introduction of the euro in the country", Iliana Iotova emphasized.

Published and translated by Kostadin Atanasov

Photo: BTA