The European Commission on Wednesday recommended that the Adriatic nation of 3.9 million people should be allowed to adopt the common currency after finding that it fulfills the necessary requirements on issues including inflation and public debt.
Other European Union governments are expected to take a final decision on the country’s bid in the first half of July, the commission said. They must still consult the European Parliament and the European Central Bank. The currency switch “will bring benefits for citizens, businesses and state and make economy more resilient to shocks,” Croatian central bank Governor Boris Vujcic said.
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