After a long pause following its existential crisis of the early 2010s, the euro area is expanding again. Croatia and Bulgaria aim to adopt the euro as their currencies, in early 2023 and 2024, respectively. They both entered the banking union framework in October 2020 in preparation. What are the lessons of this process so far, and will other European Union member states follow suit?
Joining this episode of Financial Statements were:
Senior Fellow, Peterson Institute for International Economics (PIIE)
About This Series
Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.