The Schengen Area and the Eurozone in Bulgaria’s European Policy Cover Image

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: 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.

  • Page Count: 2
  • Publication Year: 2017
  • Language: English