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Europe Daily Bulletin No. 13077

6 December 2022
Contents Publication in full By article 15 / 32
ECONOMY - FINANCE - BUSINESS / Emu
Modalities for Croatia’s accession to European Stability Mechanism
Brussels, 05/12/2022 (Agence Europe)

By joining the euro area on 1 January 2023, Croatia will also become a member of the European Stability Mechanism (ESM), the euro area’s permanent rescue fund, once it has completed the necessary administrative and financial procedures. 

The ESM, which approved Croatia’s application on Monday 5 December, said the Croatian authorities will have to subscribe to the fund’s capital of €3.695 billion, of which €422.29 million is paid-in capital to be paid in five instalments. 

As...

Contents

SECTORAL POLICIES
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
SOCIAL AFFAIRS
Russian invasion of Ukraine
NEWS BRIEFS