As Bulgaria and Croatia bid to join the euro, is there life in the currency yet?
From
“Usually when countries join a strong and stable currency they are trying to import macroeconomic stability and import the credibility of bigger countries,” explains Christian Odendahl, chief economist at the Centre for European Reform. He says smaller economies, such as Bulgaria and Croatia, can enjoy more stability, intensify trade links and gain political sway by getting a seat at the euro table.