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The currency union has nearly doubled since its launch in 1999 with 11 countries. Croatia’s inclusion as the 20th member demonstrates the union’s continued growth despite the pandemic, conflict in nearby Ukraine, energy crisis, and the strict criteria for inclusion, the so-called ‘convergence criteria’, related to their economies, capital markets, and governance.[1]

ESM wishes you all a Happy New Year!

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Why did Croatia become a member of the ESM?

The Board of Governors of the European Stability Mechanism (ESM) approved today the Republic of Croatia’s application to become a member of the organisation. The Board, comprising the finance ministers of the euro area countries, also approved the technical terms of Croatia’s accession to the ESM.

Συνέντευξη με τον Ρολφ Στράουχ, επικεφαλής οικονομολόγο του EMS

Δημοσιεύθηκε στην Ναυτεμπορική

Η συνέντευξη πραγματοποιήθηκε την 1η Δεκεμβρίου 2022

Interview with Rolf Strauch, ESM Chief Economist

Published in NAFTEMPORIKI (Greece)

Conducted on 01 December 2022

Published on 02 December 2022