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ECB: Entry into ERM II will prompt institutional reforms in Croatia

Author: Roberta Mlinarić

ZAGREB, Aug 7 (Hina) - By joining the European Exchange Rate Mechanism II, Croatia has pledged to make additional moves to mitigate the risks on its journey to the euro area and create conditions for a more efficient allocation of capital to productive firms instead of rent-seekers, shows a European Central Bank analysis.

(Hina) rml

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