Bulgaria Agrees to Sign EU-Montengro SAA Making Compromise about Euro Spelling

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Bulgaria will make only one compromise regarding the spelling of the single European currency in Bulgarian as it does not want to put any obstacles before Montenegro in the process of its European integration. In its turn, the European Council will adopt a special declaration on behalf of the European Union, which will recognize for the first time in writing the existence of such an issue and will point out the need to solve it quickly, Spokesperson for the Bulgarian Mission to the European Union Betina Zhoteva told BTA on Saturday.

Bulgaria insists that the common European currency unit is spelt "evro", the way the currency is pronounced in Bulgarian and as it appears in its Accession Treaty, while the European Central Bank wants "euro," citing a December 1995 Madrid Summit decision according to which "the name of the common currency unit must be the same in all the official languages of the EU."

After negotiations with the EU Portuguese Presidency on Friday night, an agreement was reached that the Stabilisation and Association Agreement (SAA) between the EU and Montenegro will be signed on Monday in Luxembourg as planned, by the Bulgarian
side including. The Bulgarian translation of the document will include the euro abbreviation EUR. The declaration says also that the problem has to be solved soon.

Bulgaria, which had a linguistic reservation about the Bulgarian spelling of the common European currency, has agreed to this compromise, as it does not want to stop Montenegro in its development of closer relations with the EU.

The declaration, which was drafted Friday night, will be discussed and approved by the Committee of Permanent Representatives of EU Member States and will be adopted by the
General Affairs and External Relations Council before the Foreign Ministers participating in it sign SAA.

This will be the first case when the problem regarding the euro spelling is raised in an official document of the European Union, which also urges the quick solution of the issue, Zhoteva
said.

If a quick and satisfying solution of the problem is not reached, Bulgaria may not sign the Reform Treaty, which is to be discussed at a summit on October 18 and 19 in Lisbon and
adopted officially at a December summit in Brussels.

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