Croatia has filed a formal application to join the European Monetary Mechanism (ERM-2), an early stage on the road to euro membership, also known as the eurozone "waiting room," Reuters reported, quoted by Econ.bg
This was announced on Monday evening by the eurogroup chairman (eurozone finance ministers), the Portuguese finance minister, Māriu Sentenu, quoted by Reuters.
As Athens digests the results of Sunday's general election, eurozone finance ministers will have Greece as one of the main courses at Monday afternoon's Eurogroup in Brussels. This had already been decided last month, as today's meeting intends to send a message to the new government, even if it is struggling to wake up from a night of celebrations.
Eurozone finance ministers agreed to introduce by 2022 new rules that would facilitate the restructuring of public debt in the bloc's countries, the chairman of the Eurogroup Mario Centeno said on Tuesday.
New rules on so-called single limb Collective Action Clauses will be introduced by 2022, Centeno said after a meeting of eurozone finance ministers in Brussels. [Reuters]