Euro zone welcomes Croatia's bid to join euro waiting room - Centeno

Croatia has submitted a formal bid to join the European Exchange Rate Mechanism (ERM-2), an early stage on the path to membership of the euro currency, the head of the Eurogroup of euro zone finance ministers said on Monday.

Commitments offered by Croatia in its letter were welcomed by the bloc's finance ministers at a meeting on Monday, Mario Centeno told a news conference.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)