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...