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Fact check: Euro won't affect Bulgarian savings.

As Bulgaria prepares to adopt the euro next year, false and misleading claims about the move are spreading both on social media and in legacy media.

In many cases they are pushed by pro-Russian actors.

mediafaro.org/article/20250413

A euro coin. | Image: Grazvydas Januska/Zoonar/picture alliance
DW · Fact check: Euro won't affect Bulgarian savings.Di Mina Kirkova, Thomas Sparrow

Mr. Orange and his #tariffs have had a huge effect on stock markets and so on my "voluntary #pension #savings". He is a living and walking chaos. I have invested for 20 years and the #loss has been -7 % in one week. They should grow, not go down. 🫣🙄🥺 I've been told that I'm still young and things will change. I don't invest by myself. My bank does that on behalf of me. In #finland we have this kind of service. #annoying #suomimastodon #politics #usa #lifemustgoon

Discussione continua

Yes, you take your chances - there's the occasional outright scam, or so-so quality parts (like the ones that inspired me to write this), but you go into it with your eyes open. You take a chance because it's dirt cheap.

And 90% of the time, the parts are just fine.

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2/2

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Like Rachel Reeves, Maria Luís Albuquerque (EU financial services commissioner) has no doubt been lobbied the financial services sector;

she is making similar calls for people to be 'incentivised' to use their savings to invest in stocks & shares, not just use savings accounts.

What they both should recognise is this is an issue of both a lack of trust (in financiers) & an issue of precarious retirement making people risk adverse with their savings for old age.

#economics #savings
h/t FT