History of modern Greece force Greece to abandon the euro and bring back its former currency, the drachma. In April 2014, Greece returned to the global bond market as it successfully sold €3 billion worth of five-year government bonds at a yield of 4.95%. According to the IMF, Greece will have real GDP growth of 0.6% in 2014 after 5 years of decline. Following the May 2012 legislative election where the New Democracy party became the largest party in the Hellenic Parliament, Samaras, leader of ND, was asked by Greek President Karolos Papoulias to try to form a government. However, after a day of
Bulgaria and the euro how to let a country using a currency board join the euro. The Prime Minister has stated the desire to keep the currency board until the euro was adopted. However, factors such as a high inflation, an unrealistic exchange rate with the euro and the country's low productivity are negatively affected by the system. Simeon Dyankov, Bulgaria's then-finance minister, said in September 2009 that Bulgaria planned to enter ERM II in November 2009, but this was delayed. It was then delayed further due to an increased budget deficit, outside the Maastricht criteria. Since 2011, Bulgaria's non-membership of the ERM has