Your current location is:{Current column} >>Text
Historic new year for Croatia as it joins euro, Schengen area By Reuters
{Current column}32283People have watched
IntroductionBREGANA BORDER CROSSING, Croatia (Reuters) - Croatia rang in two historic changes with the new year, ...
BREGANA BORDER CROSSING,Open an account and get Croatia (Reuters) - Croatia rang in two historic changes with the new year, as the European Union's youngest member joined both the EU's border-free Schengen zone and the euro common currency, fulfilling longstanding ambitions of close integration with Europe.
At the Bregana border crossing with neighbouring Slovenia, police took down signs at midnight and a barrier was lifted up for the last time, before a placard reading "free passage" was installed, symbolising the end of border checks.
"If there are historical moments, special moments which should provide us with great honour and when we witness the achievement of strategic goals of a state -- this is such a day," Prime Minister Andrej Plenkovic said at a ceremony at the border later on Sunday.
He was joined by European Commission President Ursula von der Leyen, who hailed it as "a day to celebrate".
"Today Croatia joins the Schengen Area and the eurozone, two immense achievements for the youngest member state of the European Union and both reached on the very same day. So indeed, this is a day for the history books."
Plenkovic and von der Leyen later toured the capital Zagreb where they bought coffee in a cafe using euros, which replaced Croatia's kuna currency. After a server brought their coffees to an outdoor table, Plenkovic paid with a handful of euro notes, while von der Leyen, seated next to him, applauded.
Croatia entered the EU in 2013. It becomes the 27th country to join the Schengen area, and the 20th to adopt the euro currency.
Finance Minister Marko Primorac touted the advantages of using the euro to lawmakers last month, saying it would strengthen the economy, improve the investment climate and make Croatia more resistant to external shocks.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!
Tags:
Related articles
Dollar tests two
{Current column}By Geoffrey Smith-- The dollar was testing a two-month low against its major partners early on Tuesd ...
Read moreGermany plans to establish a 500 billion euro fund and adjust debt rules.
{Current column}Germany's Economic and Defense Policies Face Major AdjustmentsGermany's ruling coalition r ...
Read moreTrump on inflation: "It's not my concern," blames Biden's excessive spending.
{Current column}Recently, inflation in the United States has surged again, a fact that even President Trump cannot i ...
Read more
Popular Articles
- Dollar rebounds from one
- Microsoft introduces the Majorana 1 quantum chip and the AI gaming tool Muse.
- The U.S. requested a $500 billion compensation fund from Ukraine, which opposed it.
- Trump blames Ukraine for triggering the war, criticizing Zelensky for not preventing it.
- VW pledges to double down on EVs in China, urges extension of NEV tax breaks By Reuters
- Ukraine and the U.S. reach a mineral resources deal as Zelensky visits to sign.
Latest articles
-
Fed's Powell: don't assume Fed can shield U.S. economy from debt limit default By Reuters
-
Ukraine on U.S. aid halt: Seeks cooperation, boosts arms production
-
Ukraine is increasing natural gas imports to ensure energy needs are met during the heating season.
-
After the Russia
-
GM's Cruise recalls 300 self
-
UBS: AI Concept Stocks Still Have Room to Rise