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German IFO: Reforms are a must for Croatia's economic uplift

Author: spez
ZAGREB, March 2 (Hina) - The Munich-based IFO Institute's President Hans-Werner Sinn, said at a conference "Croatia in the EU - development policies 2015 - 2020" organised by the Croatian Democratic Union (HDZ) on Monday that the structural reforms that this Institute for Economic Research has recommended for Croatia had been implemented by former German Chancellor Gerhard Schroeder and moved Germany from the position of a country with the lowest growth rate in Europe, but that it took five years to see any results.

(Hina) sp

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