Croatia on Track to Join Eurozone
For several years now, a debate is taking place about the direction of Croatia’s monetary policies. Based on unofficial reports, Croatian newspaper Jutarnji List informs that the government and the Croatian National Bank (HNB) agreed to work together on a strategy to implement the new currency as soon as possible.
Prime Minister Andrej Plenkovic and HNB Governor Boris Vujcic agreed to coordinate their policies about joining the euro zone as that is the safest option for long-term stability of Croatia. In order to meet the criteria and enter the euro zone this cooperation will include a large number of public policies. The majority of economists support this agenda and expect broad public support.
Large amount of Croatian citizens hold their savings in euros which shows their confidence and trust in the currency. As debtors taking out loans denominated in the kuna, Croatian citizens are willing to bet that the kuna will weaken, while as depositors they believe that the euro will preserve the value of their savings.
