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Finance Minister: 2013 will be worse than 2012
Croatian Times
Croatia's Minister of Finance Slavko Linic, has said yesterday that 2013 will be tougher for Croatia than this year, but that Croatia will not need help from the International Monetary Fund because he does not expect its credit rating to drop this autumn, writes website politikaplus.
Linic, speaking on Croatian radio, said that the government will not give up on its cost cutting policies or its strengthening of tax discipline measures.
"When asked will the International Monetary Fund (IMF) help out, I say no. The government implements its own policies, and this government is one that had the courage to introduce savings and discipline, negotiating in unpleasant conditions with unions and employers associations," said Linic.
"But if the question is when will the government eventually call the IMF for help, then I clearly say if we lose our credit rating, then in that moment without the IMF it would be very hard to service our debt, if we do not service our debt then we will have problems," added Linic.
Tag cloud debt credit problems negotiating cutting conditions rating Minister unpleasant Fund International policies Monetary employers Linic moment Croatia discipline government unions
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