ER Editor: This is what we could read on October 30 of last year from France24:
Zagreb (AFP) – With inflation mounting and precarious geopolitical headwinds rattling Europe, Croatia hopes that its upcoming switch to the euro will bring some semblance of protection to the Balkan country in an uncertain world.
On January 1, Croatia will bid farewell to its currency — the kuna — to become the 20th member of the eurozone.
The former Yugoslav Republic, which joined the European Union nearly a decade ago, posted an annual inflation rate of almost 13 percent in September, compared to 10 percent in the eurozone.
In the build-up to the changeover, authorities have been constantly hammering home the advantages of adopting the euro for the country’s 3.9 million inhabitants.
“The euro brings resilience,” Ana Sabic of the Croatian National Bank told AFP, arguing that Zagreb will, if needed, have access to more favourable borrowing conditions amid economic hard times. …
Looking at Twitter under #croatia euro, you’ll see many official messages of congratulation to Croatia by the usual globalist suspects.
It’s cited below, but MEP Ivan Sincic gets the problem for Croats which is basically that the euro and kruna have nothing like equal value (we are aware that 2 of these paragraphs are quoted below):
“As information appears in the media that Croats want and expect Croatian paper euro banknotes. Not only are there no Croatian euro banknotes, which is a minor problem, but we are not aware that we have given up our currency without any resistance and that we are handing over our monetary sovereignty to someone else.
So, apart from this rampant price on the market and the price changes before the euro and now that the euro has been introduced, we believe that citizens will have an even bigger shock when they receive their salary in a few hundred euros instead of a few thousand HRK in a few days.
Many will say that it is the same, and they are right, but only then will the citizens understand how much their work is (not) worth and how much it is appreciated,” Kljuc Hrvatska’s announcement reads.
On a google search for today, we found this equivalency between the euro and kruna:
1 HRK = 0.132486 EUR Jan 07, 2023 10:46 UTC
1 EUR = 7.53383 HRK Jan 09, 2023 05:00 UTC
So 7.5 Kruna will yield approximately 1 euro. You collect your paycheque, which has suddenly diminished. Then shop prices for goods will come to be in euros at the euro value. Bam, you can’t afford much.
***
See also this from euractiv:
Croatia in throes of euro price hikes
Barely 48 hours after adopting the euro, Croatia found itself in the throes of rising prices that angered citizens, consumer protection groups, and the government.
The third day of Croatia’s eurozone membership brought widespread fury over the latest price hikes related exclusively to the switch to the single currency, which the government called “perfidious exploitation and dishonest profiteering.”
Croatia became the euro area’s 20th member on 1 January, complete with a flying visit from European Commission President Ursula von der Leyen to Zagreb on Sunday.
On Tuesday, numerous citizens reported price hikes from retailers and service providers despite previous assurances from the government and the central bank that there would be no upward rounding off of prices once the euro became legal tender.
Economy Minister Davor Filipović called on Tuesday for an urgent face-to-face meeting with major retail chains to discuss price hikes.
After a short meeting, he told the media that “retail chains have been raising prices every month, and now, after the euro adoption, they are raising prices again and trying to cheat citizens. But that shall not pass.”
In a subsequent tweet, Filipović explained that “all options are on the table, from black lists to a freeze on prices on a wide array of products. Croatian citizens and the government demand a lowering of prices.” …
********
The introduction of the euro causes prices to skyrocket in Croatia
The Croatians are experiencing quite a nasty surprise: After joining the EU at the beginning of the year, the country has now also introduced the euro – as a result, prices are going up steeply. Many Croatians are venting their anger on social media.
FREEWEST MEDIA
ZAGREB — The Croatians are already struggling with inflation and rising energy prices. Since the New Year, the prices for groceries, service providers, coffee and other goods have also skyrocketed.
Many Croatians complain about this online, as Croatian outlets reported. Croatian Economics Minister Davor Filipovic reacted promptly and promised government measures. Until January 14, one can still pay with kuna in Croatia, after that the euro will be the national currency.
KLJUČ Hrvatske, the recently founded party of the former bricklayer and MEP Ivan Sinčić, commented on the introduction of the euro on Facebook. Sinčić has long been against the introduction of the euro, and his party supports this position.
“Information has appeared in the media that Croats want and expect Croatian paper euro banknotes. Not only are there no Croatian euro banknotes, which is a minor problem, but we are not aware that we have given up our currency without any resistance and that we are handing over our monetary sovereignty to someone else.
“So, apart from these rampant price increases on the market […] now that the euro has been introduced, we believe that citizens will have an even bigger shock when they receive their salary in a few hundred euros instead of a few thousand HRK in a few days.”
*************
Source
Featured image, euro: Shutterstock/Stockmedia Sweden
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Leave a Reply