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EU leaders support Croatia's switch to the euro currency

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The Associated Press

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European Council President Charles Michel, left, speaks with Croatia's Prime Minister Andrej Plenkovic during a round table meeting at an EU summit in Brussels, Friday, June 24, 2022. EU leaders were set to discuss economic topics at their summit in Brussels Friday amid inflation, high energy prices and a cost of living crisis.
European Council President Charles Michel on the left speaks with Croatian Prime Minister Andrej Plenković at a roundtable Increasingly at the EU Summit in Brussels on Friday, June 24, 2022. EU leaders will discuss economic topics at the Brussels summit on Friday amid inflation, high energy prices and the crisis of living expenses. Photo: Olivier Matthys/Associated Press

Brussels (AP) — European Union leaders Croatia will join the group of countries that use the euro agreed on Friday and will increase the number of countries sharing the currency to 20 from January.

"The euro was a monetary expression of our common destiny and was part of our European dream," said the Council of the European Union, who chaired the Brussels block leader summit. Chairman Charles Michel said. "Now, Croatia's dream has come true."

After consultations with EU Parliamentarians and the European Central Bank, this process has been adopted in July of three legal acts that allow for switching. It will end with what is scheduled.

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