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EU Gives Green Light to Croatia Adopting Euro in Early 2023

  • Conversion rate set before EU’s final approval, official says
  • Finance ministers hold signing ceremony Tuesday in Brussels
Croatia’s Finance Minister Zdravko Maric during the signing ceremony for Croatia’s accession to the euro area at the European Council headquarters in Brussels, Belgium, on July 12.

Croatia’s Finance Minister Zdravko Maric during the signing ceremony for Croatia’s accession to the euro area at the European Council headquarters in Brussels, Belgium, on July 12.

Photographer: Valeria Mongelli/Bloomberg
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The European Union gave its final approval for Croatia to adopt the euro early next year, when it will become the currency area’s 20th member.

Finance ministers from the bloc meeting in Brussels held a signing ceremony Tuesday. The European Commission, the EU’s executive arm, had recommended that the Adriatic nation of 3.9 million people should be allowed to adopt the common currency, finding that it fulfills the necessary requirements on issues including inflation and public debt.