Croatia votes amid economic uncertainty

Gerald · 12-04-11, 06:00 AM

Quote:

Croatians are going to the polls in parliamentary elections with the ruling conservative HDZ party beset by corruption scandals and a poor economy.Opinion polls suggest the centre-left Kukuriku coalition will win enough votes to form a majority in the 151-seat parliament.The main opposition leader, Zoran Milanovic, has vowed a "budgetary diet" to avoid a credit rating downgrade.The next government is expected to lead Croatia into the EU in 2013.Whoever does form the next government will have to push through a tough budget to avoid a downgrade in Croatia's credit rating, tackle rising unemployment and pursue the anti-corruption fight, says the BBC's Balkans correspondent Mark Lowen.The opposition Kukuriku alliance, led by the Social Democrats of Mr Milanovic, have promised austerity measures and steps to revive industry and attract foreign investment.Current Prime Minister Jadranka Kosor has refused to approach the IMF for a loan, but Mr Milanovic says he would not rule it out as a "last resort".Opinion polls suggest Kukuriku will win an outright majority in Sunday's election.The economy is struggling out of recession, with growth in 2011 estimated at 0.5%-1% as the European sovereign debt crisis undermines its recovery.

http://www.bbc.co.uk/news/world-europe-16021016

Note: 4 December 2011 Last updated at 06:28 GMT

Gerald · 12-04-11, 06:22 AM

Just for Betonov!

Betonov · 12-04-11, 06:31 AM

Croatia was hit hard because of the recession. Their economy is mostly based on tourism and when people can't afford vacationing their income collapses. Plus they are in debt because of huge and fast investements in their infrastructure to handle the horde's of tourists. Plus their EU membership drive.

Changing of their goverment won't bring them out of the recession. Only when other countries recover and tourists will start pouring back will Croatia recover.

Betonov · 12-04-11, 06:34 AM

Quote:

Originally Posted by Vendor

Just for Betonov!

I live in a country a bit to the NW

But there hasn't been a year in my 25 year lifetime that I hadn't visited Croatia

Gerald · 12-04-11, 07:30 AM

Time for a visit then,

12-04-11, 06:22 AM	#2
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Just for Betonov! __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

12-04-11, 07:30 AM	#5
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Time for a visit then, __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

12-04-11, 06:31 AM	#3
Betonov Navy Seal Join Date: May 2009 Location: Slovenia Posts: 8,647 Downloads: 26 Uploads: 0	Croatia was hit hard because of the recession. Their economy is mostly based on tourism and when people can't afford vacationing their income collapses. Plus they are in debt because of huge and fast investements in their infrastructure to handle the horde's of tourists. Plus their EU membership drive. Changing of their goverment won't bring them out of the recession. Only when other countries recover and tourists will start pouring back will Croatia recover.