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Junk-rated Croatia will borrow more than $1.5 billion on the U.S. market at yields that may top 6.5 percent to finance its budget without help from the International Monetary Fund, Finance Minister Slavko Linic said.Prime Minister Zoran Milanovic’s government is facing lower than expected growth this year and a widening fiscal deficit in 2014. It unveiled sweeping plans last week to cut costs, raise taxes, and tap European Union funds even as Croatia’s borrowing costs rise toward levels that caused some euro-area countries to consider seeking international bailouts reports Bloomberg.
Related News in English
Povezane vesti na srpskom
Συναφείς Ειδήσεις στα Ελληνικά