Croatia Needs Major Bridge Loan

Politics ♦ Published: December 28, 2013; 10:46 ♦ (Vindobona)

In order to cover its fiscal shortfall, the youngest EU member country takes a bridge loan in the amount of € 200m.

Croatia Needs Major Bridge Loan / Picture: ©

This week, the Republic of Croatia will take a bridge loan, Croatia´s Minister of Finance Slavko Linic said. The bridge loan worth € 200m should cover the budgetary needs for 2013, Linic explained. Linic did not talk about the banks which are involved.

Already in November, Croatia borrowed € 1.3bn on the international bond market. According to Linic, these funds are used for…