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CROATIA ADOPTS EURO, ENTERS BORDERLESS EUROPE CLUB
EWN ^ | 1 January 2023 | Dennis Lavrokic

Posted on 01/01/2023 10:27:30 PM PST by Cronos

Croatia on Sunday switched to the euro and entered Europe's borderless zone - two steps Prime Minister Andrej Plenkovic called a "historic moment" for his country that joined the European Union nearly a decade ago.

At midnight, the Balkan nation bid farewell to its kuna currency and became the 20th member of the eurozone.

It is also now the 27th nation in the passport-free Schengen zone, the world's largest, which enables more than 400 million people to move freely around its members.

"It is the season of new beginnings. And there is no place in Europe where this is more true than here in Croatia," tweeted EU chief Ursula von der Leyen, as she arrived in the country to mark the occasion.

She first met Plenkovic and Slovenian President Natasa Pirc Musar at a border crossing with EU member Slovenia.

During a joint press conference at the Bregana crossing, von der Leyen praised "two immense achievements" for the EU's newest member reached on the same day.

"So indeed this is a day for the history books."

Plenkovic echoed the point, stressing it was a "historic moment" as the former Yugoslav republic, that fought a war of independence in the 1990s, has achieved what he called its "strategic goals".

Von der Leyen then headed to Zagreb where she was treated to a coffee at the main square by Plenkovic, who in a symbolic gesture paid in the new currency.

Experts say the adoption of the euro will help shield Croatia's economy at a time when inflation is soaring worldwide after Russia's invasion of Ukraine sent food and fuel prices through the roof.

But feelings among Croatians are mixed.

While they welcome the end of border controls, some fear the euro switch will lead to an increase in the cost of living as businesses round up prices when they convert them.

"It will be difficult. Prices that are already high will become even higher," said Ivana Toncic, a teacher from Zagreb.

'ELITE CLUB'

But tourist agency employee Marko Pavic said Croatia was joining "an elite club".

"The euro was already a value measure - psychologically it's nothing new - while entry into Schengen is fantastic news for tourism," he told AFP.

Use of the euro is already widespread in Croatia.

Croatians have long valued their most precious assets such as cars and apartments in euros, displaying a lack of confidence in the local currency.

About 80 percent of bank deposits are denominated in euros and Zagreb's main trading partners are in the eurozone.

Officials have defended the decision to join the eurozone and Schengen, saying that in doing so Croatia completes its full EU integration.

The country of 3.9 million people joined the EU in 2013.

Experts say the adoption of the euro will lower borrowing conditions amid economic hardship.

Croatia's inflation rate reached 13.5 percent in November compared to 10 percent in the eurozone.

Analysts stress that eastern EU members with currencies outside of the eurozone, such as Poland or Hungary, have been even more vulnerable to surging inflation.

French President Emmanuel Macron on Sunday hailed Croatia's switch to the euro, describing it as a "stable and solid" currency that had contributed to Europe's resilience in facing the consequences of the war in Ukraine.

TOURISM BOOST

Earlier on Sunday, Croatian National Bank governor Boris Vujcic symbolically withdrew euros from a cash machine in downtown Zagreb.

In recent days, customers have queued at banks and ATMs to withdraw cash, fearing payment problems during the immediate aftermath of the transition period.

As the clock struck midnight, a series of events were held along Croatia's borders with its EU neighbours to symbolise barrier-free travel.

"Tonight we are celebrating New Year, new Europe with Croatia in Schengen," Interior Minister Davor Bozinovic told reporters at the Slovenia border.

Croatia's entry into the Schengen area is expected to provide a boost to the Adriatic nation's key tourism industry, which accounts for 20 percent of its GDP.

Previously long queues at the 73 land border crossings with Slovenia and Hungary will become a thing of the past.

But border checks will only end on March 26 at airports due to technical issues.

And Croatia will still apply strict border checks on its eastern frontier with non-EU neighbours Bosnia, Montenegro and Serbia.

The fight against illegal migration remains the key challenge in guarding the European Union's longest external land border, at 1,350 kilometres (840 miles).


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: antiamericanunion; badnews; croatia; eussr; fourthreich; youllregretit
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For Croatia, with 20% to 25% of its economy tied to tourism, the Schengen and euro could be a boost
1 posted on 01/01/2023 10:27:30 PM PST by Cronos
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To: Cronos
One more step toward "One World". Klaus Schwab is happy. Soros is happy. Bill Gates is happy.

2 posted on 01/01/2023 10:35:06 PM PST by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: Cronos

So they wont be using the Kuna any more ???

About 75 Kuna to 1 US dollar ...

In 2018 it was 1,500 Kuna cash to go up on the wall in Dubrovnik ... (the Game of Thrones city)

To use US dollars (about $22) you had to pay with a credit card ...

No Euros allowed ...

I bought $30 worth and had a great 3 hours on the 1 1/2 mile wall...

Every new step is a photo OP ..


3 posted on 01/01/2023 10:38:24 PM PST by Tennessee Nana
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To: Cronos

Its certainly a boost.


4 posted on 01/01/2023 10:49:27 PM PST by buwaya (Strategic imperatives )
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To: Cronos

A new dumping ground for unhomed Muslims?


5 posted on 01/01/2023 10:56:17 PM PST by lee martell
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To: Governor Dinwiddie

Its a libertarian idea on the whole. No tarriffs, free trade, free movement. Plus the implied availability of investment in trade and industry due to much lower systemic/political risks.

Pluses all around. The EU has broad support, you dont have to bring up cartoon villains.

Its the centralization and overreach that grates. That gets pushback even from the EU’s biggest supporters. Hopefully that side of the EU will be brought to heel with the fallout of the Ukraine war.


6 posted on 01/01/2023 10:56:46 PM PST by buwaya (Strategic imperatives )
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To: Cronos

Late to the party that is over.


7 posted on 01/01/2023 10:57:35 PM PST by Captain Peter Blood
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To: lee martell

Doesnt have to be. Poland isnt.


8 posted on 01/01/2023 10:57:38 PM PST by buwaya (Strategic imperatives )
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To: Cronos

Ask the Greeks how that worked out for them.


9 posted on 01/01/2023 10:58:02 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: buwaya

The Eu is headed for a collapse and so is the Euro. The Common Market may have been a good idea but trying to meld all the countries together was never really going to work.


10 posted on 01/01/2023 10:59:18 PM PST by Captain Peter Blood
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To: Cronos

Since Europe is United let them defend Ukraine.


11 posted on 01/01/2023 10:59:23 PM PST by McGruff (Don't underestimate Joe's ability to f*** things up - Barack Obama)
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To: Cronos

Bad move. Makes it easier for migrants, illegals, and “students” to enter and never leave.


12 posted on 01/01/2023 11:48:27 PM PST by Angelino97
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To: Cronos

Not sure if it is a plus for their economy now that everything is priced in Euros. The Geeman economy is strong so naturally it is more expensive there. But other countries should be cheaper. One size may not fit all.


13 posted on 01/01/2023 11:59:18 PM PST by MinorityRepublican
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To: Governor Dinwiddie

Nah. This is Croatia, it was already heavily integrated economically and politically.

Tunisia, etc leave alone anything further is far less likely to John with anyone


14 posted on 01/02/2023 12:51:30 AM PST by Cronos (.)
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To: Tennessee Nana
In 2018 it was 1,500 Kuna cash to go up on the wall in Dubrovnik ... (the Game of Thrones city)

I went there in 2014. It was all good until some clown pulled out a sword and tried to behead me.

15 posted on 01/02/2023 1:12:59 AM PST by Rocco DiPippo
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To: Rocco DiPippo

Did he have a good reason to?


16 posted on 01/02/2023 1:55:50 AM PST by buwaya (Strategic imperatives )
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To: McGruff
The EU countries are helping out Ukraine

They definitely ought to do more, but the question comes - does the USA want an "EU army" as opposed to a "NATO coalition of armies"?

17 posted on 01/02/2023 2:24:23 AM PST by Cronos (.)
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To: Cronos

As long as the US is not involved in the Eurotrash armed forces, hell yes.


18 posted on 01/02/2023 3:02:09 AM PST by SPDSHDW (Ya’ll knew he was installed via fraud, and chose to do nothing. Enjoy the roller coaster ride.)
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To: Cronos
LOL...

Get ready for the EU woke-open borders mandate.

Here come the Africans and the Middle East Muslims!

Not that it matters.

The UK went through a decade of political convulsions to exit the EU.

Then, alleged "Conservative" Boris Johnson left the UK borders open anyway!

19 posted on 01/02/2023 3:29:10 AM PST by zeestephen (43,000)
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To: Cronos

Please translate the abbreviations.

Thanks.

Besides US and GB (and probably CZ), I have no idea what the other countries are.


20 posted on 01/02/2023 3:38:01 AM PST by zeestephen (43,000)
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