Bank Governor Determined For Croatia To Adopt Euro Currency ASAP
- by croatiaweek
- in Business
Just two days into the European Union and the Governor of the Croatian National Bank is already talking about his desire for Croatia to adopt the euro currency as soon as possible.
Governor Boris Vujcic, speaking whilst being a guest at the Frankfurt stock exchange in Germany, said that Croatia will adopt the euro ‘as soon as possible’.
“I have already pointed out that Croatia is heavily influenced by the euro and that it makes sense to talk about introducing it as soon as possible. When it is possible we will talk about it,’ said Vujcic.
Although Croatia has joined the European Union, it can not yet adopt the euro. Every two years European institutions check whether new members meet all the conditions for the introduction of the euro, including the amount of the nation’s deficit, inflation and debt. Many experts claim that the single currency is a failed project and largely to blame for the economic crisis across Europe, especially in the smaller economies.