Croatia Wont Rush To Introduce Euro As PM Says EU Heading Towards Banking Union

Croatia’s Prime Minister Zoran Milanovic believes that the EU is heading towards becoming a banking union, and that the concept of independence is slowly dwindling away.

“Beacause of the financial crisis that has rocked Europe, the concept of sovereignty is unstoppable and its moving towards a banking union. It is seriously heading towards becoming a supranational European force that will be controlled by the banks,” said Milanovic yesterday whilst addressing students at the University of Law in Split.

“The European Union will reorganise much of our lives and economic activity, however, civil and criminal laws will remains ours, we will determine the fundamental determinants,” said the PM, before moving on to say that Croatia needs to take caution about introducing the euro currency.

“Croatia will not introduce the euro tomorrow or in a year or two,” said Milanovic, adding that Croatia was a small country and needing to be very carefull about introducing the currency.