The Eurozone debate in the European Union has long been a difficult subject, from the financial crisis and bailouts of the late 2000’s, to the ongoing discussions around the raising of own resources through Eurobonds.
Since the Lisbon Treaty in 2009, all EU Member States, with the exception of Denmark, have an obligation to eventually join the Eurozone. Since joining the European Union in 2014, Croatia has been part of the European Exchange Rate Mechanism, which pegs its currency to the Euro.
Almost a decade after joining the EU, Croatian politicians are in open talks about finally taking the country into the Eurozone on the 1st of January 2023. Two questions however remain, is Eurozone membership beneficial for Croatia? Or does membership of the Euro pose a risk to Croatia’s economy.
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