Bulgaria to Hold Snap Vote as Crisis Grows After Euro Entry

The euro area’s latest member Bulgaria will hold a snap election in the coming months, its eighth in five years as the Balkan nation fails to break an extended cycle of political deadlock.

“We’re headed for elections,” President Rumen Radev said Friday from the presidential palace in Sofia. He spoke after a third party, Alliance for Rights and Freedoms, rejected his offer to form a government, marking the failure of the last of three attempts required before an early vote can be called.