Bulgaria's currency change and understanding why some EU countries do not use Euro

Why isn’t the entire European Union using the Euro, even though it is the world’s second-largest reserve currency? This explainer breaks down the political, economic, and strategic reasons behind why some EU members have chosen to stay out of the Eurozone, while others, like Bulgaria, are moving closer to adopting it.

In this video, Consulting Editor Dr Swasti Rao explains how the Euro works, what joining the Eurozone really means for a country, and why opting out can sometimes be a deliberate policy choice rather than a failure. The discussion also looks beyond Europe to examine the global implications of the Euro, especially for emerging economies.

Most importantly, the video answers a key question: why should India care about internal EU currency dynamics?From trade and investment to geopolitics and global financial stability, Europe’s monetary choices have ripple effects far beyond the continent.

Watch this clear, concise explainer to understand the Euro divide—and why it matters for India and the world.
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