adopted last week a report by EPP Mures Siegfried Muresan stating that he met all the criteria for euro adoption on January 1, 2023. The document was adopted with 539 votes in favor. 45 votes were “against” and 48 MEPs abstained – we read in the EP communiqué.
Croatia joins the euro area after 9 years in the EU
At the meeting in Brussels, EU countries approved the required documents and thus finalized the change procedures in Croatia.
On May 13, the Croatian parliament voted in favor of adopting the euro from 2023. 117 deputies voted for the introduction of the euro, 13 were against and 1 abstained. The deputies rejected the amendments from the right, which wanted to delay the entry of the European currency, arguing that it was the expected increase.
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Europe supported Croatia. Euro in Croatia
in her report on the preparations of non-euro countries to adopt the single currency, she stated that Croatia was ready to join the euro area on 1 January next year.
Croatia made an important step on the path to adopting the euro less than a decade after joining the European Union. This will strengthen the Croatian economy, bring benefits to its citizens and businesses
said the President of the European Commission, Ursula von der Leyen.
Croatia is introducing the euro because it wants to cut interest rates
From September this year, Croatia will start a transitional period – prices in Croatian stores will be in kuna and in. This situation will continue throughout the next year, in which the new currency will already apply.
The government in Zagreb claims that the introduction of the euro will lower Croatia’s rating, improve Croatia’s rating and open the country to further investments. The challenge will be to maintain the low level required for the members of the euro area.
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Croatia in the euro area. “Significant European Integration”
MEP Margarida Marque, chair of the European Parliament’s working group on the euro, said that Croatia’s accession to the euro area was the first significant process of European integration since and marks the further expansion of the euro in the Balkans.
Source: Gazeta
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