{"id":14629,"date":"2021-12-20T16:06:51","date_gmt":"2021-12-20T15:06:51","guid":{"rendered":"https:\/\/www.predsjednik.hr\/?post_type=news&p=14629"},"modified":"2021-12-20T16:06:54","modified_gmt":"2021-12-20T15:06:54","slug":"president-milanovic-joining-eurozone-will-be-good-for-croatia-due-to-structure-of-its-economy","status":"publish","type":"news","link":"https:\/\/www.predsjednik.hr\/en\/news\/president-milanovic-joining-eurozone-will-be-good-for-croatia-due-to-structure-of-its-economy\/","title":{"rendered":"President Milanovi\u0107: Joining Eurozone Will be Good for Croatia Due to Structure of its Economy"},"content":{"rendered":"\n

The President of the Republic Zoran Milanovi\u0107 attended a ceremony marking the 30th<\/sup> anniversary of the Croatian National Bank.<\/p>\n\n\n\n

\u201cIn these thirty years, the Croatian National Bank is one of the two institutions in Croatia and Croatian society that has carried out its mission and its work well and that enjoys respect, perhaps not deep affection. And the other institution is the Croatian Army,\u201d President Milanovi\u0107 said in his address at the ceremony. He added that everyone else had their ups and downs, \u201cfrom the judiciary, the state attorney\u2019s office, all the Croatian governments, including mine \u2013 no one had a good score. Some will rightly say that the mission of the National Bank is much narrower \u2013 price control, the exchange rate in our case, and the stability of the financial system,\u201d said the President, underscoring that one is not independent from the other and that this was carried out in an exemplary way.<\/p>\n\n\n\n

Commenting on Croatia\u2019s accession to the Eurozone, President Milanovi\u0107 said that the Croatian National Bank will never be the same. \u201cWith a certain amount of sadness, I look at the fact that we are losing our currency, our influence, the people we know, who we have promoted, appointed and allowed to work well independently. Now, this is becoming a part of one much greater development \u2013 a political one. The decision to join the Eurozone is a political decision backed by several generations and Croatian governments. And whoever took part in it should not object but engage in the conversation,\u201d President Milanovi\u0107 said at the ceremony.<\/p>\n\n\n\n

He added that by joining the Eurozone, we are entering a system that is huge, much bigger than we are. \u201cMy opinion is that Croatia\u2019s entry into the Eurozone will be good for the Croatian economy due to the structure of our economy, due to the high share of services in our economy, especially tourism,\u201d said President Milanovi\u0107, adding that not everyone in Croatia or elsewhere in Europe agrees on this. \u201cMy assessment and opinion is that this is a good thing for Croatia. I do not know what awaits us tomorrow and whether this will result in higher salaries and greater competitiveness. Experiences have shown both. There are no perfectly clear rules,\u201d said the President of the Republic.<\/p>\n\n\n\n

Commenting further on the matter, President Milanovi\u0107 said there are positive experiences in Europe, such as the example of Lithuania, which is a small economy, but that there is also the example of Italy, which has been stagnating for 20 years and has not adapted to the euro. \u201cWe need to take this seriously, stay focused and be selfish about our interests. And not follow the philosophy of the modern age. Let us be optimistic and sceptical at the same time, without allowing this scepticism to block decision-making,\u201d the President told everyone present.<\/p>\n\n\n\n

\u201cI commend the National Bank on the mission it performed. I see only one oversight in the last thirty years and that is the Swiss currency (issue), when the Bank, at that time, did not react in the right way, at the right moment and rigorously enough. But it is easy to be smart in retrospect,\u201d concluded President Milanovi\u0107.<\/p>\n\n\n\n

Apart from President Milanovi\u0107, speaking at the anniversary ceremony in the Croatian National Bank were former Governor Marko \u0160kreb, Governor Boris Vuj\u010di\u0107, Prime Minister Andrej Plenkovi\u0107 and Deputy Speaker of the Croatian Parliament \u017deljko Reiner. Special Adviser to the President of the Republic for the Economy Velibor Ma\u010dki\u0107 was alongside President Milanovi\u0107.<\/p>\n\n\n\n

\n \n <\/a>\n \n \n <\/a>\n \n \n <\/a>\n \n \n <\/a>\n \n \n <\/a>\n \n \n <\/a>\n \n \n <\/a>\n \n <\/div>\n\n\n\n\n

PHOTO: Office of the President of the Republic of Croatia \/ Marko Beljan<\/p>\n","protected":false},"excerpt":{"rendered":"

The President of the Republic Zoran Milanovi\u0107 attended a ceremony marking the 30th anniversary of the Croatian National Bank.<\/p>\n","protected":false},"featured_media":14592,"template":"","news-cat":[12],"class_list":["post-14629","news","type-news","status-publish","has-post-thumbnail","hentry","news-cat-news"],"acf":[],"yoast_head":"\nPresident Milanovi\u0107: Joining Eurozone Will be Good for Croatia Due to Structure of its Economy - President of the Republic of Croatia - Zoran Milanovi\u0107<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.predsjednik.hr\/en\/news\/president-milanovic-joining-eurozone-will-be-good-for-croatia-due-to-structure-of-its-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Milanovi\u0107: Joining Eurozone Will be Good for Croatia Due to Structure of its Economy - 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