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Old November 26th, 2007, 04:33 PM   #41
Stifler
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Quote:
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Bulgaria is not so far from Euro and Shengen...
There are "only" little troubles with corruption to solve but Bulgaria made lot of efforts during the 3 last years.
And inflation. Nobody can join the Eurozone with an inflation over 10%.

Their expected date to join in 2010 but I think 2012 is more realistic.
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Old November 26th, 2007, 05:25 PM   #42
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during the 3 last years.
Bulgaria joined this year,if you're talking about that...
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Old November 26th, 2007, 05:33 PM   #43
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Quote:
Originally Posted by Stifler View Post
And inflation. Nobody can join the Eurozone with an inflation over 10%.

Their expected date to join in 2010 but I think 2012 is more realistic.
Inflation has to be under 4% so I don't think Euro will come to Bulgaria for 2012. For Estonia it was planned to join the Euro zone in 2007, but at the moment anything before 2013 will be great.
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Old November 26th, 2007, 05:44 PM   #44
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Inflation isn't necessary bad, because in Eastern European countries, prices increase, but also the income. But a low inflation is a good sign for a decent economy.
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Old November 26th, 2007, 07:05 PM   #45
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Beat this - Slovakia 2006: Core inflation 2.7%, GDP growth 8.3%.

Source: http://ekonomika.etrend.sk/14495/slo...ickych-cislach

However, ECB will certainly find something to keep us out of Eurozone.
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Old November 26th, 2007, 10:13 PM   #46
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Beat this - Slovakia 2006: Core inflation 2.7%, GDP growth 8.3%.
That's good. And you are already in ERM II. Now compare to Slovenia after almost one year of euro: cca 5% growth, but cca 5% inflation (actually prices went much more nuts, but statistics don't show that)
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Old November 27th, 2007, 12:46 AM   #47
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That's good. And you are already in ERM II. Now compare to Slovenia after almost one year of euro: cca 5% growth, but cca 5% inflation (actually prices went much more nuts, but statistics don't show that)
I think the same or even worse could expect Slovakia after possible joining of Eurozone.
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Old November 27th, 2007, 02:31 AM   #48
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I hope te new E.U. members increase their economie in a few years and join the Euro. And if they create a strong national economy, the 100.000 east-Europeans in Holland can go back to work in their own countries again. The open borders causes a lot of problems with migrants from the new EU-members. That's why the majority of Dutch voters, voted 'no' against Europe.
Not every migrants causes problems, but most of the Dutch are afraid to lose their jobs. So in my opinion they must close the borders again.
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Old November 27th, 2007, 10:07 AM   #49
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That's what they tell you on TV. They take jobs Dutch people think themselves they are too good for it.

And did you really think those Poles with a low income would live in an upscale neighborhood? Ofcourse not. This is all something we could have known.

Well, i think, with the increase of economy and income in Poland, i think they will return to Poland soon, because they are being exploited here, with wages under the official minimum income. I think they are better off in Poland within a few years.
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Old November 27th, 2007, 10:08 AM   #50
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Quote:
Originally Posted by andrewsimons View Post
I hope te new E.U. members increase their economie in a few years and join the Euro. And if they create a strong national economy, the 100.000 east-Europeans in Holland can go back to work in their own countries again. The open borders causes a lot of problems with migrants from the new EU-members. That's why the majority of Dutch voters, voted 'no' against Europe.
Not every migrants causes problems, but most of the Dutch are afraid to lose their jobs. So in my opinion they must close the borders again.
if there were no immigrants and cheap labor from east, Holland wouldnīt be that successful and rich. So praise them every day!
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Old November 27th, 2007, 01:39 PM   #51
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if there were no immigrants and cheap labor from east, Holland wouldnīt be that successful and rich. So praise them every day!
Great reasoning
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Old November 27th, 2007, 03:11 PM   #52
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if there were no immigrants and cheap labor from east, Holland wouldnīt be that successful and rich. So praise them every day!
Sounds like Eastern European labor is to Western Europe as Mexican labor is to the USA.

Only difference is, your labor isn't illegally in your nations(but the wages they're getting are below the minimum wages mandated by law)
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Old November 27th, 2007, 03:27 PM   #53
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Only a few people employed by unscrupulous employers get less than the legal minimum, most East Europeans here in the UK at least get at the national minimum wage or more. The fact that they are legal makes it more likely that they will complain to the authorities if they are being mistreated.
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Old November 27th, 2007, 06:12 PM   #54
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Only a few people employed by unscrupulous employers get less than the legal minimum, most East Europeans here in the UK at least get at the national minimum wage or more. The fact that they are legal makes it more likely that they will complain to the authorities if they are being mistreated.
i donīt think so coz they are affraid to do that. And authorities will surely protect the dutchs over some foreigners, meaning they will surely stay blind and deaf.
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Old November 27th, 2007, 11:19 PM   #55
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Quote:
Originally Posted by Rebasepoiss View Post
Inflation has to be under 4% so I don't think Euro will come to Bulgaria for 2012. For Estonia it was planned to join the Euro zone in 2007, but at the moment anything before 2013 will be great.
At the moment our inflation is 4.6% and if you check the timetable in Wikipedia you will see that we have filled every criteria except one thing which i can't remember right now!Also we are researching our EURO coin and soon it will be announced!The date of adopting the EURO is 2009 along with Estonia,Latvia and Lithuania i think
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Old November 28th, 2007, 01:50 AM   #56
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At the moment our inflation is 4.6% and if you check the timetable in Wikipedia you will see that we have filled every criteria except one thing which i can't remember right now!
Where have you seen that data? Bulgaria's inflation in October was 10.6% (link). The other statement is right. You have a low debt and deficit so it won't be a problem to join the Eurozone. You just need to keep your inflation below 4%, something not easy in a booming economy.
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Old November 28th, 2007, 02:18 AM   #57
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One thing you have to take into account is that most W. European cars have to be checked at the Bulgarian border to make sure that the headlights don't put out too much light. The extreme shininess of the Struma's crashbarriers would otherwise cause innumerable accidents.
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Old November 28th, 2007, 04:10 PM   #58
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Quote:
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One thing you have to take into account is that most W. European cars have to be checked at the Bulgarian border to make sure that the headlights don't put out too much light. The extreme shininess of the Struma's crashbarriers would otherwise cause innumerable accidents.
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Old November 28th, 2007, 11:55 PM   #59
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i donīt think so coz they are affraid to do that. And authorities will surely protect the dutchs over some foreigners, meaning they will surely stay blind and deaf.
If thats done systematically and they get once to the wrong one, that will end up at the European court of Justice due to discrimination.

Just a question of time.
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Old November 29th, 2007, 12:07 AM   #60
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Quote:
Originally Posted by AUchamps View Post
Sounds like Eastern European labor is to Western Europe as Mexican labor is to the USA.

Only difference is, your labor isn't illegally in your nations(but the wages they're getting are below the minimum wages mandated by law)
Not at all the same thing.

Hm, am I having a deja vu?
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