Croatia’s bid to join the Exchange Rate Mechanism (ERM II) and Banking Union

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Publication Date 2019-
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Summary:

Overview and information relating to Croatia's intention to join the Exchange Rate Mechanism (ERM II) and the Banking Union, seen as a first stage to full accession to the Eurozone.

Further information:

The Croatian authorities sent on 4 July 2019 a letter to the main European Union (EU) institutions setting out an Action Plan for joining the Exchange Rate Mechanism (ERM II) and the Banking Union. At the margins of a Eurozone meeting, relevant stakeholders discussed the prospects of Croatia's participation in the Mechanism, and welcomed the intention of the Croatian authorities to put in place the necessary elements for a successful entry into ERM II.

Related Link(s)
Commentary and Analysis
EurActiv, 14/09/2018: Is Croatia ready to join the eurozone? https://www.euractiv.com/section/economy-jobs/news/is-croatia-ready-to-join-the-eurozone/
Euro|topics, July 2019: Croatia wants to introduce the euro https://www.eurotopics.net/en/223127/

News
EurActiv, 11/05/2018: Croatia accelerates plans for joining the eurozone https://www.euractiv.com/section/economy-jobs/news/croatia-accelerates-plans-for-joining-the-eurozone/
Reuters, 03/07/2019: Croatia set to launch bid for euro adoption waiting room https://uk.reuters.com/article/idUKKCN1TY1R7
Bloomberg, 05/07/2019: Euro Hopeful Croatia Sets Sights on Adoption as Early as 2023 https://www.bloomberg.com/news/articles/2019-07-05/euro-hopeful-croatia-sets-sights-on-adoption-as-early-as-2023
Politico, 05/07/2019: Croatia launches euro bid https://www.politico.eu/article/croatia-launches-euro-bid/
EurActiv, 05/07/2019: Croatia launches bid to join euro waiting room https://www.euractiv.com/section/economy-jobs/news/croatia-launches-bid-to-join-euro-waiting-room/
Total Croatia News, 05/07/2019: Letter of Intent Sent, Croatia to Introduce Euro in 2023? https://www.total-croatia-news.com/politics/36963-croatia
Bloomberg, 08/07/2019: Croatia’s Reforms for Euro Bid Backed by Region’s Finance Chiefs https://www.bloomberg.com/news/articles/2019-07-08/euro-area-welcomes-croatia-s-measures-to-join-single-currency
Reuters, 08/07/2019: Euro zone welcomes Croatia's bid to join euro at the earliest in 2023 https://uk.reuters.com/article/idUKKCN1U329I

Official
Letter by Croatian authorities to the European Union on ERM II participation, 4 July 2019 https://www.consilium.europa.eu/media/40282/letter-of-intent.pdf
Eurozone, 08/07/2019: Statement on Croatia's path towards ERM II participation https://www.consilium.europa.eu/en/press/press-releases/2019/07/08/statement-on-croatia-s-path-towards-erm-ii-participation/

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