In order to adopt the euro, Bulgaria and Croatia must achieve a high level of sustainable economic convergence.<\/figcaption><\/figure>\nBulgaria announced in July 2018 while Croatia in July 2019 expressed intention to join ERM II and committed to implementing measures aimed at ensuring smooth participation as the ERM II parties asked the European Central Bank and the European Commission to monitor the fulfillment of these commitments.<\/p>\n
To adopt the euro, Bulgaria and Croatia must achieve sustainable economic convergence following the criteria of price stability, sound public finances, long-term interest rates, and exchange rate stability.<\/p>\n
Both countries must participate in the ERM II without severe tensions for at least two years before it can qualify to adopt the euro.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aspiring Eurozone members Bulgaria and Croatia took the preliminary steps by recently joining the European Union\u2019s Exchange Rate Mechanism II (ERM II) which set up a crucial requirement before adopting the euro. European finance ministers have recently confirmed the inclusion of the Bulgarian lev and the Croatian kuna in the ERM II. The European Commission […]<\/p>\n","protected":false},"author":4,"featured_media":323,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Bulgaria and Croatia Take Key Steps to Join Eurozone with Entry into ERM II","_seopress_titles_desc":"Aspiring Eurozone members Bulgaria and Croatia took the preliminary steps by joining the European Union\u2019s Exchange Rate Mechanism II (ERM II) which set up a crucial requirement before adopting the euro.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[59,60,39],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/321"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=321"}],"version-history":[{"count":5,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/321\/revisions"}],"predecessor-version":[{"id":380,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/321\/revisions\/380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/323"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}