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Lagarde Says Croatia in Euro Shows Currency’s Appeal Endures
European Central Bank President Christine Lagarde said the currency union’s newest member proves that the euro has lasting appeal. “Croatia worked hard to become the 20th member of the euro area, and it succeeded,” Lagarde said in a statement on Sunday. “It shows the euro is an attractive currency, which brings stability to its members.” The Adriatic country of 3.9 million, scarred by war a generation ago, just completed its transformation and became the latest country to join the world’s biggest currency zone. It also means the ECB Governing Council increases to 26 policymakers, with Croatian National ... (full story)