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Slovenia threatens Croatia's EU entry

Croatian Times

An ongoing banking row with Slovenia is threatening to jeopardise Croatia’s entry to the EU, reports Deutsche Welle.

According to the paper, Slovenia could refuse to sign the ratification document Croatia needs to join the bloc on July 1st.

The row goes back to the early 1990s and the collapse of Yugoslavia when Slovenian bank Ljubljanska Banka was unable to pay off its debts.

The debt was taken on by the Croatian government and two Croatian banks paid off the debts.

Now Croatia wants Slovenia to pay it back but the country has refused and threatened to block Croatia’s EU entry.

Political analyst Denis Romac with Croatian newspaper Novi believes it is in Slovenia's interests to be the only former Yugoslavian state to be an EU member.

"It's not just about the symbolism, it's about the concrete economic advantages," he says.

"Slovenia was the EU's gateway to the western Balkans, and Ljubljana profited from that a lot.

"Now that lucrative role will be taken over by Croatia."

Tag cloud debts  interests  Ljubljanska  profited  advantages  Slovenia  western  Novi  role  concrete  bloc  newspaper  Romac  Croatia  lucrative  gateway  Denis  threatens  Yugoslavia  symbolism

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