EU gives Croatia green light to join euro in 2023

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EU finance ministers on Tuesday gave Croatia the final green light to adopt the euro single currency on January 1, 2023. “I would like to congratulate my counterpart, Zdravko Maric, and the whole of Croatia for becoming the 20th country to join the euro area,” said Zbynek Stanjura, the finance minister of the Czech Republic, which holds the EU’s rotating presidency. Croatia’s switch from the kuna to the euro in 2023 will come less than a decade after the former Yugoslav republic joined the European Union and will set a new milestone in the bloc’s further integration.

“This is a time for celebration… and an act of conviction,” said Christine Lagarde, the head of the European Central Bank at a signing ceremony in Brussels.—AFP

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