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Croatia: Sluggish Economic Recovery
Politics ♦
Published: March 25, 2013; 10:39 ♦ (Vindobona)
The improvement in the financing conditions in international financial markets in the second half of 2012 mitigated the risks to Croatias financial stability to an extent.
Croatia: Sluggish Economic Recovery / Picture: © Vindobona.org
However, the euro area financial market remains strongly segmented and the short-term economic outlook relatively poor.
The decrease in the insecurity in financial markets was prompted predominantly by the ECB president's announcement that the ECB will do whatever it takes to preserve the euro area, by the ECB introducing the secondary market purchase programme of euro area…
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