ECB urges Croatia to apply resolute consolidation strategy

The Convergence Report reads that Croatia's general government deficit and public debt in 2015 were not in compliance with the Maastricht Criteria which insist on a deficit below 3 percent of Gross Domestic Product and on a public debt below 60% of GDP.

HNB governor: Croatia may join ERM II by 2020 rather than EMU

On Tuesday, Prime Minister Oreskovic said during his visit to Berlin that he had talked with Governor Vujcic about launching the process of introducing the euro in two years and for the process to be completed in four years.