WASHINGTON, Feb 11 (Hina) - The U.S. Secretary of State, Madeleine Albright, on Friday voiced satisfaction and support of her country to the democratic development in Croatia. A lead article which she wrote for Friday's issue of the
Wall Street Journal, read that triumph of the Croatian democratic opposition at recent elections promises and reflects possibilities of countries in the south-east of Europe. In Albright's mind, the U.S. backing to democratic changes in Croatia is a part of greater endeavours Americans have undertaken along with the European Union and its partners in the region with an aim to achieve a peaceful, united and democratic Europe. Albright explained the idea of the Stability Pact of South-East Europe adding that success is not just round the corner. It is necessary for Stability Pact member countries to create a democratic political environment and conditi
WASHINGTON, Feb 11 (Hina) - The U.S. Secretary of State, Madeleine
Albright, on Friday voiced satisfaction and support of her country
to the democratic development in Croatia.
A lead article which she wrote for Friday's issue of the Wall Street
Journal, read that triumph of the Croatian democratic opposition at
recent elections promises and reflects possibilities of countries
in the south-east of Europe.
In Albright's mind, the U.S. backing to democratic changes in
Croatia is a part of greater endeavours Americans have undertaken
along with the European Union and its partners in the region with an
aim to achieve a peaceful, united and democratic Europe.
Albright explained the idea of the Stability Pact of South-East
Europe adding that success is not just round the corner. It is
necessary for Stability Pact member countries to create a
democratic political environment and conditions for market
economies. On the other hand, the international community must
support their bids. Progress in both fields should help attract
private investments what is a key to long-term development, she
said.
As this paper is orientated toward businessmen, the State Secretary
gave data that this year the U.S Administration had ensured 350
million dollars for the work of the Overseas Private Investment
Corporation (OPIC) that encourages American private businessmen to
invest in developing countries, newly emerging democracies and
free market economies. By this money OPIC will guarantee safety to
businessmen who are investing their money in South-East Europe.
We are trying to promote investment in that area and stimulate other
private and public investors, Albright wrote in the article. She
announced that the Administration had proposed to the Congress new
trade acts which should enable the area to have greater free zone
approach to the market of the United States. Stakes that we should
now give are considerably lower as against what the alternative may
bring about - the continuation of instability and war, she
concluded.
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