While most Croatians remain divided on the benefits of accession, Croatia’s entry might not be a risk-free bet for the Eurozone.
Orders from countries in the eurozone dropped by 10.3 percent in November while it saw a 6.8 percent decline from global markets.
The Croatian government declared that as of January, there will no longer be any internal land, sea, and rail border checks between Croatia and the other Schengen member states.
Twenty years of a single currency, but even die-hard Europhiles can’t fake it. Here’s why the euro is a failure.
The record levels of inflation come at a time when the EU is experiencing unprecedented social tensions.
The ongoing pandemic means supply chain delays remain a major concern causing price hikes not seen in twenty years, warns London-based IHS Markit, an information provider on global markets.
Scotland can leave the United Kingdom, but being a part of the European Union will bring its own set of unique problems.
The decline compares with a 9.5 percent quarter-on-quarter drop in the US, which, unlike Europe, has not yet been able to get its contagion numbers firmly down and whose economic recovery is in doubt.
Investors focused on the positives despite growing US-China tensions stalling recovery for equities in May, amid signs that many European economies are coming back to life.
EU leaders agree that a much bigger bail out is required. How this is structured is dividing Europe and opening old wounds.
In an interview with Italy’s Corriere della Sera paper, European Stability Mechanism Managing Director Klaus Regling said the easiest way to organise such funds would be via the European Commission and the EU budget.
The devil is in the details, but EU leaders this week will wrangle a deal which might be a starter’s pistol for Brussels to fall on its sword.
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