We have launched a debate on the adoption of the single currency, but there is no decision nor a schedule yet, said Boris Vujčić, the Governor of the Croatian National Bank.
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According to local media, the Croatian National Bank (CNB) has developed and analyzed a strategy for the euro implementation which is supposed to be implemented by 2022 or 2023.
The rising role of trade, foreign investment, and the flows of labor force indicate that the Eurozone is integrating.
Hungarian politicians say that Hungary could only consider adopting the euro when its level of economic development is closer to that of the Eurozone countries.
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For Poland the quick adoption of the euro would be premature, believes Guntram Wolff, the Director of the Bruegel Institute in Brussels.
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The factor deciding the pace of economic growth is the quality of the economic policy. There is no evidence that the adoption of the single currency inhibits economic growth.
The governor of the Czech Republic’s central bank Jiri Rusnok said that the country is ready to adopt the common European currency, but “it would be better to wait until local wages and prices approached those of core euro members.”