Croatia met the criteria for joining the euro

Croatia met the criteria for joining the euro

“Croatia has met the required standards and the country can join the euro from January 1, 2023,” said Paschal Donoho, president of the Eurogroup and Irish finance minister.

Donova issued a statement at the end of a Eurogroup meeting in Luxembourg with the finance ministers of the European Union (EU) member states, which use the euro.

Welcoming the reports prepared by the European Commission and the European Central Bank (ECB) on the compliance of the Croatian economy with the criteria for joining the Euro, Donoho said: “As a Eurogroup, we have recommended that Croatia become the 20th member. Euro is our Euro family “.

Donoho said Croatia is expected to adopt the euro currency from January 1, 2023, and that the recommendation will be formally approved at today’s meeting of the Economic and Economic Affairs Council.

Croatia’s move to the euro is expected to be approved at next week’s EU leaders’ summit in Brussels, Belgium.

Germany, France, Italy, Spain, the Netherlands, Austria, Belgium, Finland, Ireland, Luxembourg, and Portugal decided in January 1999 to use the euro in dematerialization, and in 2002 adopted it, introducing Euro notes and coins. Evaluating.

Initially, 11 countries began to use the euro: Greece in 2001, Slovenia in 2007, Cypriot Cypriot in 2008, Malta in 2009, Slovakia in 2009, Estonia in 2011, Latvia in 2011, Latvia and Lithuania in 2014. There were 19 members.

The euro, the most widely used reserve currency in the world after the dollar, is also known as the “European currency”, “equity” and “euro”.

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