European Exchange Rate Mechanism

Croatia Bank's Hope of Introducing Euro Questioned

The Croatian National Bank, HNB, confirmed to BIRN on Tuesday that it is advocating that the country introduce the euro as its currency. The HNB is convinced that entering the Eurozone would eventually be "a cheaper and simpler solution" than continuing with the Croatian kuna and managing its exchange rate.

Bulgaria's Govt to Create Council Tasked with Eurozone Accession Preparations

Bulgaria's government is to consider a proposal for the creation of a special council tasked with preparing Bulgaria for eurozone accession at a regular meeting on July 1.

The project was drafted and submitted to the government by Finance Minister Vladislav Goranov, according to a media statement of the government, as cited by