Eurozone set to get 20th member as Croatia given crucial nod

“Less than a decade after joining the EU, Croatia is now ready to join the euro area,” Commission President Ursula von der Leyen said in a statement.

The European Commission on Wednesday recommended that the Adriatic nation of 3.9 million people should be allowed to adopt the common currency after finding that it fulfills the necessary requirements on issues including inflation and public debt. Picture: Hannelore Foerster/Bloomberg via Getty Images 

The eurozone is moving closer to adding its 20th member after Croatia was ruled to be in good enough shape to join the club next year.

The European Commission on Wednesday recommended that the Adriatic nation of 3.9 million people should be allowed to adopt the common currency after finding that it fulfills the necessary requirements on issues including inflation and public debt.