The biennial report on the readiness of the seven Member States (Bulgaria, Czech Republic, Croatia, Hungary, Poland, Romania, Sweden) to join the euro area, which the European Commission published on Wednesday 10 June, shows that Croatia is the most advanced country in this respect (see EUROPE B12408A6).
Croatia fulfils all the economic convergence criteria (price stability, sound public finances, long-term interest rates) set out in the TFEU Treaty (Article 140). And its budgetary and...