Now that ECB is fuelling the hyperinflation by doing nothing and the Euro is sacking against all major currency. The question is if the Euro will live long enough for Croatia to adopt it.
The first thing I thought of was ‘are the leaders of Croatia blind or stupid’? Didn’t they see what adopting the euro did to small European economies? Then I realised these ‘leaders’ don’t give a toss about Croatia & will happily destroy their own country for foreign investors, just like Ireland, Italy, Greece, Spain, Portugal etc.
EDIT: Euro shills are out in force, shame on me being heretic for criticising our Lord god, the EU Commission.
The comments I’m reading…
Yeah, the euro right now isn’t particularly strong, but It remains one of the main currencies alongside usd, yen and gbp.
The euro will be better than whatever Croatia has right now.
taking into account Croatia’s close ties to the euro area, due to lower transaction costs, easier price comparison and currency risk reduction, might provide a small boost to Croatian trade in goods and services, particularly in tourism, and encourage foreigninvestment. It will also make croatias national debt of 73% of GDP have a cheaper interest rate as it gets a better credit rating going from BBB to AA.
there are some minor negative risks, mainly associated with a possible increase in services pricesThis increase could, judging bythe experiences of other countries, be somewhat greater inthe tourist sector, which could have an unfavourable effecton price competitiveness, particularly in tourist destinationswhose business strategy is based on relatively low prices. However, such developments might be offset by improved nonprice competitiveness (branding and quality of products andservices, quality of the business environment).
The kuna has been pegged to the German currency since it’s creation, Croatia has nothing to lose from entering the eurozone and much to gain by joining the board on the ECB.
The only people who will lose from this are exchange office owners who make a living from scaming tourists with ridiculous exchange rates from the euro to kuna.
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Perfect timing
Now that ECB is fuelling the hyperinflation by doing nothing and the Euro is sacking against all major currency. The question is if the Euro will live long enough for Croatia to adopt it.
The first thing I thought of was ‘are the leaders of Croatia blind or stupid’? Didn’t they see what adopting the euro did to small European economies? Then I realised these ‘leaders’ don’t give a toss about Croatia & will happily destroy their own country for foreign investors, just like Ireland, Italy, Greece, Spain, Portugal etc.
EDIT: Euro shills are out in force, shame on me being heretic for criticising our Lord god, the EU Commission.
The comments I’m reading…
Yeah, the euro right now isn’t particularly strong, but It remains one of the main currencies alongside usd, yen and gbp.
The euro will be better than whatever Croatia has right now.
taking into account Croatia’s close ties to the euro area, due to lower transaction costs, easier price comparison and currency risk reduction, might provide a small boost to Croatian trade in goods and services, particularly in tourism, and encourage foreigninvestment. It will also make croatias national debt of 73% of GDP have a cheaper interest rate as it gets a better credit rating going from BBB to AA.
there are some minor negative risks, mainly associated with a possible increase in services pricesThis increase could, judging bythe experiences of other countries, be somewhat greater inthe tourist sector, which could have an unfavourable effecton price competitiveness, particularly in tourist destinationswhose business strategy is based on relatively low prices. However, such developments might be offset by improved nonprice competitiveness (branding and quality of products andservices, quality of the business environment).
The kuna has been pegged to the German currency since it’s creation, Croatia has nothing to lose from entering the eurozone and much to gain by joining the board on the ECB.
The only people who will lose from this are exchange office owners who make a living from scaming tourists with ridiculous exchange rates from the euro to kuna.