Croatia, located in the Balkans, has become the twentieth member of the European Stability Mechanism (ESM), with its headquarters in Luxembourg.
In a statement from the Croatian Ministry of Finance, it was reported that as of today, the country has become a member of the ESM, which was created to prevent and overcome financial crises in the eurozone countries.
ESM, an intergovernmental organization created by the Eurozone countries in 2012, aims to provide these countries with long-term financial development and stability.
Referring to Croatia’s accession to the eurozone on January 1, 2023, the statement said: “ESM membership gives Croatia the opportunity to use the benefits provided by the eurozone and the eurozone. In the event of a financial crisis, our country will receive assistance from the ESM defense mechanism, which will strengthen Our financial system and our economy. Data included.
The statement also mentioned that Croatia is open to cooperation with all members of the ESM.
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