I - Political context

Political change
What is the political context of the Eurozone crisis period in Croatia? Have there been changes in government, elections, referenda or other major political events during the period of 2008-present?

In December 2011, Croatia got a new Government as the result of the parliamentary elections. The new parliamentary majority consisted of the members of Kukuriku coalition, led by the Social-Democratic Party. Members of the Croatian Democratic Alliance, a moderate right wing political party, formed the previous Government. The new Prime Minister became Zoran Milanovic instead of Jadranka Kosor. The change of the Government, to a certain extent, represents the result of the financial crisis on which Croatia has been, huge deficit and high level of corruption and the fact that the employment rate is only 57%.

From a perspective of European integrations, the change of the Croatian Government was not particularly relevant, since both parties were very pro-European oriented, so there was no effect on Croatian progress into the European Union. The leaving Prime Minister Jadranka Kosor signed the Accession Treaty of Croatia itself.

The most important post-2008 date for Croatia is certainly 1 July 2013 when Croatia will become part of the European Union as the 28th Member State after long accession negotiations. The referendum for EU accession took place on 22 January 2012 and around 2/3 of the citizens who voted, voted in favour of the EU accession.

During 2013, Croatia will have to adjust its fiscal policy in accordance with EU requirements.