Croatia Poised To Clear Final Hurdle for Euro Currency Entry

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Croatia Poised To Clear Final Hurdle for Euro Currency Entry
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The E.U. is set to remove the final obstacles to Croatia adopting the euro

Photo illustration by Jakub Porzycki—NurPhoto via Getty ImagesBRUSSELS — The European Union is set on Tuesday to remove the final obstacles to Croatia adopting the euro, enabling the first expansion of the currency bloc in almost a decade.

More tangibly, it means that any of the current eurozone’s 340 million inhabitants who visit Croatia will no longer need to exchange their cash for Croatian kuna. The appeal of euro membership is reflected by the last three expansions, which brought in Baltic states between 2011 and 2015. During that period, the eurozone was scrambling to contain a debt crisis that Greece had triggered and that was threatening to break apart the currency alliance.

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