Guru Focus "Croatia and Serbia in a New iShares ETF"
04/01/12 21:47
Croatia is going through the motions to become the 28th member of the European Union. Many see this as a step in the right direction for Croatia’s political and economic future. However, with the euro zone crisis looming, it might be some time before the nation sees a payoff. The EU cannot solve a country’s problems. Just the process of applying for EU membership has brought about important changes for Croatia, but there is more work to be done. EU membership would not only provide economic benefits, but also stability for Croatia. Croatia will officially join the European Union in July 2013. EU membership could equal greater foreign investment and export growth. That might not be soon enough. The Balkan state was hit hard by the global financial crisis and analysts expect it to slip back into recession in 2012. Croatia’s unemployment rate is currently one of the highest in Europe at around 17.4%.
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