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MNI BRIEF: Brussels Gives Croatia 2023 Euro Entry Greenlight

(MNI) London

The EU Commission has given Croatia the green light to join the euro from the start of 2023, saying it met all the convergence criteria for entry into the single currency.

“In light of the Commission's assessment, and taking into account the additional factors relevant for economic integration and convergence, including balance of payments developments and integration of product, labour and financial markets, the Commission considers that Croatia fulfils the conditions for the adoption of the euro,” the Commission said in a statement published Wednesday.

EU finance ministers will make the final decisions on Croatia's euro adoption in the first half of July, after discussions in the Eurogroup and by EU leaders, and after the European Parliament and the ECB have given their opinions. Croatia will become the 20th member state to adopt the euro and fully enter the Euro Area.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankFiscalGovernment sectorCEEMEAEurozoneBriefStoryRegion
True

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