CROATIA'S ECONOMY - "MOSTLY UNFREE", RANKED 113th OUT OF 157 NATIONS AND REMAINS AT THE BOTTOM OF EUROPE - 14Th ANNUAL INDEX OF ECONOMIC FREEDOM SHOWS - PUBLISHED BY THE WALL STREET JOURNAL AND THE HERITAGE FOUNDATION
The Financial Times Quotes Adriatic Institute's Co-Founder Natasha Srdoc
“Since the fall of communism, Austria’s business and political elite have rushed to benefit from the region’s weak rule of law and opaque privatisation schemes,” says Natasha Srdoc, co-founder of the Adriatic Institute for Public Policy, a Croatia-US think-tank.
Viennese prosecutors are investigating 1990s money laundering at Hypo Group Alpe Adria, especially through loans in Croatia. Yet Austrian anti-corruption laws remain weak by European standards, Ms Srdoc says. Apart from questions about transparency, regional fragmentation prevents larger-scale financial mobilisation."
Full text:http://www.ft.com/cms/s/0/9012e8ba-5f23-11e0-a2d7-00144feab49a,s01=1.html
