Article Tools

S&P Downgrades Croatia

Published: December 17, 2012; 18:25 · (Vindobona)

Croatia´s Minister of Finance Slavko Linic does not exclude that Croatia needs support from the IMF next year.

S&P Downgrades Croatia / Picture: © Flickr

According to the U.S. rating agency, Croatia´s reform progress is not sufficient. S&P criticizes that Croatia´s labor market conditions are not flexible enough. Croatia´s employment quota is declining steadily for years. Moreover, structural reforms were not implemented the rating agency said and assumed that Croatian interest groups are offering resistance against reforms. As a…

This article includes a total of 270 words.

or Log In

Fast News Search
Related News
Croatia Considers Leasing Out Highways (December 8, 2012)
Croatia: EU Scepticism Grows (December 8, 2012)
Croatian EU-Accession: Slovenia as Obstacle (September 22, 2012)
New Property Tax in Croatia (August 21, 2012)
Read More
Croatia, S & P, Austerity, Slavko Linic, Fiscal Policy, IMF, Capital Markets, Public Debt, Budget Deficit, Taxation, Social Policy
Featured
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter