Croatia battles pressure on euro-peg

The governor of Croatia's central bank was reported as saying the kuna faces growing market pressure to slip out of its managed peg to the euro.

Zeljko Rohatinski, governor of the Croatian National Bank, told the Financial Times he did not advocate a de-pegging of the kuna. But told the FT that the current arrangement, which permits the kuna to float against the euro within a 15 per cent "price corridor" could not be preserved unless market forces were restrained.

"In order to stop appreciatio