Bulgaria stretches path to euro

Bulgaria will join the single European currency no earlier than July 1, 2009 according to a source quoted by Novinite.

The news released by a banker participating at a closed-door banking seminar in Sofia diverts from the projects discussed so far, which predict a euro adoption two years following Bulgaria's EU accession, that is in the beginning of 2009.

The same source told Novinite that the 6-month delay would be necessary for monitoring on completing Maastricht fiscal criteria for the euroz