Celebrations as Croatia joins European Union

<p>Croatia is the newest member of the European Union.</p>

Celebrations have taken place across Croatia as the Balkan nation has become the latest country to join the European Union (EU).

Crowds gathered in the capital city Zagreb to mark the occasion, which president Ivo Josipovic described as "a great and joyful day for our homeland".

Deputy prime minister Vesna Pusic told BBC News that Croatia joining the EU increases the chances of political stability in the nation in the long term.

"This the day when we open a new chapter in the thick book of our history," president Josipovic added.

EU signs have already been unveiled by Croatian officials, who have also removed customs posts at the borders with Slovenia and with Hungary.

European Commission president Jose Manuel Barroso welcomed the nation to the EU in an address at the celebrations in Zagreb.

Last week, the EU confirmed that a new budget deal has been confirmed, with the agreement set to decide financial spending across the continent between 2014 and 2020.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.