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Eastern Europe Now Wary of Euro

9/21/11 (AEIN) Bulgaria, the Czech Republic, Poland and other recent members of the European Union in Eastern Europe have become wary of replacing their own currencies with the euro. Public concerns with regard to the European debt crisis increased during recent months, Radio Bulgaria reported early on Wednesday.

Recent surveys found that sixty percent of Bulgarians don't want the E.U. to intervene in Bulgaria's economy. Only one out of four people favored switching to the euro. The public has also become worried that the E.U. could require less wealthy countries in Eastern Europe to help bail out richer nations with high levels of debt.

New national referendums on the issue remain possible. Several Eastern European countries like Bulgaria joined the European Union but have yet to adopt its international currency. The euro first came into use at the beginning of 1999 in eleven countries, according to The World Almanac. They included France, Germany and Spain.


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