News brief

Bulgaria is set to adopt the euro. The European Commission on June 4 gave Bulgaria the green light to join the euro zone next year. The approval could mean more foreign tourists and investment for the European Union’s poorest country. Still, many in the Balkan country are skeptical. Widespread corruption, stark income inequality, and a four-year political crisis marked by a series of snap elections and weak coalitions have eroded trust in authorities. Many fear a rise in prices during the switch, as had occurred in other countries that joined over the past decade.