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Europe Daily Bulletin No. 12292

10 July 2019
ECONOMY - FINANCE - BUSINESS / Croatia
Eurogroup welcomes Zagreb's wish to participate in ERM II exchange rate mechanism
Brussels, 09/07/2019 (Agence Europe)

On Monday 8 July, euro area finance ministers welcomed the formal willingness, expressed on 4 July by the Croatian authorities, to participate in the exchange rate mechanism (ERM II) and the Banking Union by mid-2020, as a first step towards the adoption of the single currency. 

"Croatia’s intention to join ERM II shows that the euro area is a solid anchor of stability and growth in Europe that continues to attract new members", said Mário Centeno, President of the Eurogroup, at a press...

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