The Schengen Area and the Eurozone in Bulgaria’s European Policy
The Schengen Area and the Eurozone in Bulgaria’s European Policy
Author(s): Jakub Pieńkowski
Subject(s): International relations/trade, Security and defense, EU-Accession / EU-DEvelopment, Geopolitics
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Bulgaria; eurozone; Schengen Area
Summary/Abstract: The European Commission on 15 November presented a report on the progress made by Bulgaria under the Cooperation and Verification Mechanism (CVM). If successfully concluded, the instrument is perceived in the EU as an unofficial condition for a country to join the Schengen Area. The risk of advanced institutionalisation in a multi-speed EU has prompted Bulgaria to intensify its efforts to join the eurozone’s exchange rate mechanism (ERM II), a phase preceding full euro membership. Although Bulgarian authorities put priority on both goals, the perspective of achieving them is uncertain.
Series: PISM Bulletin
- Page Count: 2
- Publication Year: 2017
- Language: English
- Content File-PDF