Economics
Croatia’s Reforms for Euro Bid Backed by Region’s Finance Chiefs
- Croatian banks must undergo ECB ‘comprehensive assessment’
- Croatia asked to pursue reforms against money laundering
Photographer: Paula Bronstein/Bloomberg
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Croatia’s planned reforms for the banking sector were endorsed by euro-area finance chiefs as well as the European Central Bank, as the country advances on its path to join the common currency.
Officials welcomed a commitment by Croatia to support the ECB in conducting a health check of its banking system, according to a statement issued after a ministers’ meeting in Brussels on Monday. The supervisor’s so-called “comprehensive assessment” of Croatian banks may last about a year, the statement said.