Croatia Under Brussel´s Observation

Politics ♦ Published: November 7, 2013; 23:00 ♦ (Vindobona)

The new EU member country fights against a number of economic problems. Now, the EU-Commission considers starting an excessive deficit procedure.

Croatia Under Brussel´s Observation / Picture: ©

In 2013, Croatia´s GDP will shrink for the fifth consecutive year. The Croat economist Maruska Vizek explains that Croatia is faced with a negative continuity, which influences the economic policy. Due to the deep recession, Croatia is unable to sharpen the austerity measures. Croatia´s Finance Minister Slavko Linic thinks that the country would not absorb another fiscal shock. In the…