At the request of the European Finance Ministers, the European Central Bank decided on Friday 10 July to integrate Bulgaria and Croatia to the ‘ERM II’ mechanism, which is considered to be a stepping stone to the adoption of the single currency.
This dossier had been discussed by the Finance Ministers of the euro area on Thursday and the European Union on Friday, on the basis of the convergence reports published by the European Commission and the ECB in June (see EUROPE B12504A22)....