1. The Impact of COVID-19 on Croatia’s Euro Adoption Strategy
- Author:
- Kristijan Kotarski
- Publication Date:
- 03-2021
- Content Type:
- Policy Brief
- Institution:
- Institute for Development and International Relations (IRMO)
- Abstract:
- Is the euro a golden goose laying golden eggs? Well, certainly not, if one asks an average Greek or Italian whose countries have consistently faced lower GDP per capita levels than the level they last recorded back in 2008. On the of them introduced the common European currency in 2007 and 2009. Not only are their countries more prosperous, but the euro also enjoys high social support. The aforementioned and diametrically opposite experiences show that the euro is at times, and especially during economic downturns, an issue which arouses other hand, is the euro a stinging viper? Surely not, if one poses this question to an average Slovene or Slovak whose countries boast rapid economic catch-up with the EU’s average level of economic development, especially since bothof them introduced the common European currency in 2007 and 2009. Not only are their countries more prosperous, but the euro also enjoys high social support. The aforementioned and diametrically opposite experiences show that the euro is at times, and especially during economic downturns, an issue which arouses many controversies.
- Topic:
- Regional Cooperation, European Union, Public Health, Pandemic, COVID-19, and Adoption
- Political Geography:
- Europe and Croatia