The Sunday Times Spotlights Croatia's Backsliding on the Economic and Justice Fronts:
Brussels to spend £16m on PR as junk-status Croatia joins EU
Bojan Pancevski, Brussels Published: 16 December 2012
Excerpts from the British-based Sunday Times' print edition:
The European Commission is planning to spend £16m on a public relations campaign to promote European enlargement ahead of the entry next year of Croatia, a country with such serious economic problems that it could be forced to seek a bailout.
Croatia’s credit rating was downgraded to junk status last week after a deterioration in its economy attributed to a lack of reforms. This prompted fears that the Balkan country might require a bailout even before it joins the EU next July.
Youth unemployment is about 40% and foreign investment is deterred by rampant corruption, organised crime and weak rule of law.
Adriatic Institute's co-founder and chairman quoted:
“Instead of fixing Croatia’s glaring problems, Europe is spending taxpayers’ money on a whitewash," said Natasha Srdoc, of the Adriatic Institute for Public Policy think tank...