Croatian PM rejects bailout fears

Croatia is unlikely to need a eurozone bailout as its finances have been closely scrutinised in the last 10 years, the country’s prime minister has said.

Croatia will become the European Union’s 28th member at midnight, a decade after applying to join.

But concerns have been expressed in Germany that another southern European country joining the EU could be a drain on taxpayers.

Speaking on Murnaghan on Sky News, Prime Minister Zoran Milanovic agreed Croatia’s economy has not fared well of late.

But he said: “The bailout of the proportion we have seen recently happened only in the euro countries and we have been so harshly scrutinised in last 10 years that such kind of failure actually is not likely to repeat.”

Greece, Portugal, Spain, Cyprus and Ireland have required a bailout following financial problems.