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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: © Vindobona.org
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…
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