ZAGREB, June 20, 2019 – Prime Minister Andrej Plenković met with European Commissioner for Euro and Social Dialogue Valdis Dombrovskis in Brussels on Wednesday afternoon and discussed Croatia’s preparations to enter the European Exchange Rate Mechanism (ERM II) and the eurozone.
The ERM II is a sort of waiting room for entry into the eurozone and each country has to remain in it for at least two years.
During a recent visit to Croatia outgoing European Commission President Jean-Claude Juncker said that Croatia was completely prepared to join the ERM II mechanism soon.
The European Central Bank decides on whether a country can join the ERM II or eurozone.
According to the latest convergence report of May 2018, which the EC releases every two years, Croatia has met all the criteria except one to enter the eurozone and that is to participate in the ERM II for at least two years.
Croatia can expect to join the eurozone in 2023 at the earliest.
After the meeting with Dombrovskis, Plenković is expected to attend a reception for Croatian Statehood Day which is being organised by three diplomatic missions in Brussels.
On Thursday, he is due to attend a meeting of the European People’s Party and an EU summit, as well as a meeting with five prime ministers to discuss the appointment of new heads of European institutions.
More news about the introduction of the euro can be found in the Business section.
