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Within the next two or three years, Croatia will enter the Eurozone, with the euro becoming the country’s official currency. Entry is expected to have an impact on both foreign trade and society at large, coming with increasing constraints and opportunities.
EU heads of state and government failed to agree on a united response to the economic crisis triggered by COVID-19. Yet after the measures taken by the European Central Bank, there is no longer urgency to enact a measure like eurobonds.
After the 2010 crisis, some corrections were done to the common currency system. The eurozone has been saved, but the living standards of the middle and lower classes continue to worsen.
The French Economic Observatory (OFCE) devoted a journal issue to improvements in European integration.
On 20 August, Greece officially exited the three-year EU bailout plan it accepted when it was on the verge of bankruptcy and close to be pushed out of the eurozone. While it marks the end of eight years of financial crisis and austerity, the exit from international aid doesn't mean a quick recovery.
Current efforts to reform and advance European integration are stalled by a ‘lack of trust’.
After weeks of opacity, the European Parliament has released figures which show the differences between the Multiannual Financial Framework for 2021-2027 and the previous one for the 2014-2020 period.