|Author (Corporate)||European Commission: DG Economic and Financial Affairs|
|Publisher||Publications Office of the European Union|
|Series Title||European Economy: Institutional Papers|
|Series Details||Number 179|
|Publication Date||June 2022|
|Content Type||News, Report|
Report published by the European Commission on 1 June 2022, comprising an assessment of Member States with a derogation regarding their fulfilment of the conditions for Euro adoption. This report concludes that Croatia is ready to adopt the Euro in January 2023.
The European Commission's Convergence Report 2022 provides an assessment of the progress non-euro area Member States have made towards adopting the Euro. It forms the basis for the Decision from the Council of the European Union on whether a Member State fulfils the conditions for joining the Euro Area. The Convergence Report of the European Commission is separate to, but published in parallel with, the Convergence Report of the European Central Bank (ECB).
All Member States, except Denmark, have legally committed to join the Eurozone. Denmark, which negotiated an opt-out arrangement in the Maastricht Treaty, is therefore not covered by the Report.
The Report concludes that:
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic and Monetary Union [EMU]|
|Keywords||Euro | Single Currency
|Countries / Regions||Bulgaria, Croatia, Czechia, Hungary, Poland, Romania, Sweden|
|International Organisations||European Union [EU]|