Croatia today became the 20th country to join the single European currency with a fixed entry exchange rate of 7.53450 kuna per 1 euro. Economic implications for the Eurozone should be limited as the Croatian economy is about 60 times smaller than Germany.

Bulgaria is expected to become the twenty-first member state at the beginning of 2024.

Global-FYI tracks critical developments fon the global markets including political news, special central bank announcements, and substantial moves in the financial markets.

Major political events and special announcements by the global central banks can shift both the short-term and long-term outlooks for the global economy and financial markets.