Croatia Faces Radical Fisal Measures

Politics ♦ Published: April 25, 2014; 12:18 ♦ (Vindobona)

The fiscal situation of the Balkan country and youngest EU member state is disastrous. The Croat government announced to introduce new taxes.

Croatia in Troubles / Picture: ©

The Croat government is under enormous pressure. Due to EU fiscal requirements, the government has to take unpopular measures. Until the end of April, the Croat government has to submit an austerity plan to the European Commission. The European Commission has to evaluate whether Croatia is able to lower the budget deficit sustainably in the next few years. At the end of last year, the…