And it is also true that this was one of the factors that contributed to underestimating the crucial importance of fiscal discipline and competitiveness in the monetary union. But it is equally accurate that the idiosyncratic negative shocks stemming from such euro area countries in the past two years have led to a major re-pricing of their sovereign risk.
How much will the adoption of the euro in Croatia, sooner or later, have an impact on Bosnia and Herzegovina, given the border connections and the turnover that still exists?We do not expect major challenges regarding the introduction of the euro in Croatia. On the contrary. The exchange rate regime in force in Croatia is a managed fluctuating exchange rate.