Croatia given green light by ECB to join euro in January

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  1. The criteria are:

    * **Inflation under HICP reference value**, this year 4.9% – fulfilled (4.7%)
    * **Budget deficit under 3%** – fulfilled (2.9%)
    * **Debt to GDP ratio under 60%** or ***sufficiently diminishing and approaching the reference value at a satisfactory pace*** – fulfilled (79.8%, decreased 7.5% compared to previous year)
    * **Minimum 2 years in ERM II** – fulfilled (joined in July 2020, will be 2+ years by the euro introduction)
    * **Exchange rate not moving more than ±15%** – fulfilled (±1%)
    * **Interest rate under the reference value**, this year 2.6% – fulfilled (0.8%)
    * **Compatibility of legislation** – fulfilled

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