Kroatien und die Auswirkungen der Griechenland-Krise

In: Südost-Europa: journal of politics and society, Volume 58, Issue 4

Abstract

The article assesses the effects of the Greek financial crisis on the Croatian economy. Where Croatia's aspirations to EU membership are concerned, the crisis negatively affects both progress in the economic chapters of the negotiations and the general atmosphere with regard to further enlargement. As for macroeconomic parameters, Greece and Croatia are comparable, with the exception of Croatia's foreign debt, which is much lower and corresponds to the Maastricht criteria. In the realm of tourism, Croatia profited directly from the Greek crisis, as many tourists seem to have opted for Croatia rather than Greece in choosing their travel destination. On a microeconomic level, many Croats suffer from an increasing inability to fulfill their credit payment obligations. Finally, the author assesses the possibilities of social unrest and mass protests and comes to the conclusion that there is a clear danger that Croatia's population might follow up on Greece's path. Adapted from the source document.