Q: In this task, you are given a sentence in the Bulgarian language. Here, your job is to convert bulgarian sentence into the english language.
Избирането на президент на еврозоната беше първата стъпка в тази посока, но сега е нужно повече от това.
A:

Show your work and conclude with the exact phrasing "Therefore, the final answer is [answer]." where [answer] is just the final number or expression that solves the problem.
user
The appointment of a president of the euro area was the first step in this direction, but it is only the first step: more is now needed.