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By Flatzem888 · Posted
if you use crypto then you are gambling 24/7 as the crypto currencies market move around without you even placing bets/doing spins. -
By cocopop3011 · Posted
Merry Christmas and happy new year to everyone! I’m home and ready to start a fresh year with you all. Will be catching up from tomorrow, official day back Monday! -
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By Flatzem888 · Posted
@ValDes likes to visit the forum every now and this news is about Bulgaria. anyway some you might not know this but. Bulgaria officially joined the Eurozone on January 1, 2026, becoming the 21st member of the currency union. they have lost their sovereignty and given up their lev currency and the EU control freaks gain more control over another country. did people of Bulgaria get a vote about it ? answer is: The short answer is no, there was no public referendum. While many citizens and some political parties pushed for a vote, the decision was made by the Bulgarian Parliament and the government. As of January 2026, there are 6 countries in the European Union that still use their own national currencies. Denmark, Czech Republic, Poland, Hungary, Sweden, Romania. anyway what AI said about all this; The decision for a country like Bulgaria (often cited as the EU's poorest member state by GDP per capita) to adopt the euro is driven by several strategic economic and geopolitical goals. Here is why Bulgaria made the switch: 1. Economic Stability and Lower Costs Eliminating Transaction Costs: Before 2026, Bulgarian businesses spent hundreds of millions of euros annually just to convert money for trade within the EU. Joining the euro removes these fees, making Bulgarian exports more competitive. Lower Interest Rates: Membership in the Eurozone typically improves a country's credit rating. This allows the government, businesses, and even regular citizens to borrow money at lower interest rates, as the country is backed by the stability of the European Central Bank (ECB). Price Transparency: With a common currency, it is much easier for consumers and businesses to compare prices directly with those in Germany, France, or Greece, which forces more competitive pricing in the domestic market. 2. Geopolitical Security Deepening EU Integration: For Bulgaria, the euro is the "final step" in its integration into the heart of Europe. It signals a definitive move away from historical spheres of influence (specifically Russia) and cements its place as a permanent, high-level member of the Western economic alliance. A "Seat at the Table": As a member of the Eurozone, Bulgaria now has a vote in the ECB’s Governing Council. Previously, because the Bulgarian lev was already pegged to the euro, Bulgaria followed European monetary policy but had no say in making it. Now, they help set the rules. 3. Protection Against Financial Crises ECB Safety Net: In times of global financial instability, being part of a massive currency area provides a shield. Bulgarian banks now have direct access to the ECB's liquidity, which makes the entire banking system much more resilient against bank runs or localized economic shocks. The "Price" of Joining (Public Concerns) Despite these benefits, the transition has been controversial within Bulgaria. As of early 2026, there are two main concerns: Fear of Inflation: Many Bulgarians fear that businesses will use the currency switch as an excuse to round prices up (e.g., something that cost 1.95 lev might be rounded to 1.10 euro rather than the official 1.00 euro). To combat this, the government has mandated dual pricing (showing both lev and euro) until August 2026. Loss of Sovereignty: Some citizens feel that giving up the lev (a currency used since the 19th century) is a loss of national identity and the final surrender of independent national monetary control. Current Status (January 2026) Dual Circulation: From January 1 to January 31, 2026, both the lev and the euro are accepted as legal tender. The Peg: The conversion rate remains fixed at 1.95583 BGN to 1 EUR. ... -
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