11 August 2012Croatian Finance Minister Slavko Linic recently told the media that the country's economy is in a state of emergency, provoking a strong public reaction.
"We have a large economic downturn, huge illiquidity, high unemployment and unpaid wages. What else should we call such a situation but an emergency?" Linic said in an interview with the Croatian weekly Globus.
Economists said the state has done very little to improve the situation, while the ruling Social Democrats (SDP) are hoping that IMF assistance can be avoided.
The public reaction was further sparked when a list of delinquent taxpayers was published. More than 100,000 companies and individuals owe 6.6 billion euros in taxes.
The five largest debtors, including the public service broadcaster Croatian Radio Television, are running tax debt of up to 135 million euros.