Croatia, Bulgaria to switch to euro

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Croatia, Bulgaria to switch to euro





© Hürriyet
Croatia, Bulgaria to switch to euro


The EU is preparing to take the first step to get Croatia and Bulgaria into the euro area.

Eurozone officials are preparing to take the first step so Croatia and Bulgaria can switch to the euro.

According to the information provided by the four sources, the two countries will be invited to the mechanism called ERM-2. This mechanism is a preliminary stage for both countries to adopt the euro as a currency after three years.

This move will ensure the first expansion of the euro zone, which now has 19 members, since 2015.

European officials stated that this decision will be implemented after the final approval is reached in the meetings to be held today and tomorrow by the euro zone and European Union finance ministers.

Two sources close to the subject stated that the decision would be announced over the weekend, with markets closed, to avoid speculation.

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