Discretion lets Croatia in but leaves Bulgaria out of the euro area in 2023

Zsolt Darvas

Crucial decisions about whether a country can join the euro area depend on questionable discretionary decisions.

On 17 June 2022, the euro area’s finance ministers endorsed Croatia’s euro membership, based on assessments by the European Commission and the European Central Bank. Both institutions concluded that Croatia fulfils the conditions for euro adoption. They also judged that another candidate, Bulgaria, does not.

Πηγή: Bruegel

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