Tuesday, June 5, 2007

Croatian/Italian Relations Update

Tomorrow a conference will convene in Osijek to discuss more investing of Italy in the Slavonia region of Croatia. Slavonia is one of the hardest regions struck in the war with the Serbs.

It appears that easing of trade barriers may have influenced the sudden change in the Italian governments demeanor. In the end, money drives politics.

Italy already holds the majority stake in Croatian import partners at 16% and may likely try to make Croatia more dependant as EU entrance may make the nation a free-for-all.

Croatia is likely needing more economic spurring as it holds 17% unemployment and continues to see a growing trade deficit and driven primarily by who else but Italy.

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