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Post by uz on Jan 6, 2012 18:50:09 GMT -5
If Croatia wants to avoid a so-called “Greek scenario”, the new government will have to cut 9 billion kuna (1.1 billion euros) from the 120-billion kuna state budget – 8 per cent. Since the global crisis started affecting the country directly in 2009, Croatia’s GDP fell by almost 8 per cent. The World Bank predicts that Croatia, like other countries in southeast Europe, risks tipping into recession next year, with a 1 per cent fall of GDP and a further increase in the deficit that could reach 60 per cent of GDP.The new government, led by Zoran Milanovic’s Social Democratic Party, which defeated the Croatian Democratic Union, HDZ, in December 4 elections, has announced “a diet for all”, but says this can be achieved without “painful cuts”.Croatia’s EU accession may encounter some obstacles in Europe in 2012. Several EU member states have announced they will not start ratifying Croatia’s EU Accession Treaty before the European Commission issues its first monitoring report on Croatia in the spring.Foreign policy could see intensive changes in the coming year. The new government has announced a more open approach to neighbouring countries, inspired by the EU values of good neighbourly cooperation, which the new government claims to embrace.www.eurasiareview.com/05012012-croatia-braces-for-year-of-cuts/
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Post by missanthropology58 on Jan 6, 2012 18:52:55 GMT -5
He should bring a pair of sissors.
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