EURO - THE EUROPEAN UNION’S SINGLE CURRENCY - A CHALLENGE AND / OR A GOOD SOLUTION FOR CROATIA

Abstract:In its accession to the European Union, the Republic of Croatia has accepted the goals and values of this community. They are also largely tied to the single currency - the euro. Today, the euro is not only the currency of the 20 Member States of the European Union and the currency used by more than 340 million Europeans, but it is the only reference supranational currency in the world and a currency that is an integral part of the monetary reserves of a large number of countries. Croatia, on the basis of its membership obligations in this Union, has aligned its monetary policy with the monetary policy of this Economic and Monetary Union. Consequently, in order to establish monetary unity, it is necessary to achieve a higher degree of integration in the monetary segment - to introduce a single currency. As these activities involve changes in the monetary sovereignty of each country, they have not only monetary aspects but are a very demanding, complex and sensitive process with far-reaching effects. The aim of this paper is to investigate, collect and analyze relevant information on the awareness and attitudes of the economic provenance from the student population on the European Union’s single currency - the euro, which replaced the currency of the Republic of Croatia - the kuna. To obtain this information , the authors use a survey method, a comparative, analytical and synthetic method.

 

Keywords: European Union, euro, Croatia