{"id":51902,"date":"2017-11-11T06:55:37","date_gmt":"2017-11-11T06:55:37","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=51902"},"modified":"2017-11-11T06:55:37","modified_gmt":"2017-11-11T06:55:37","slug":"croatia-government-survives-no-confidence-vote-over-agrokor-debt-crisis","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/world-news\/croatia-government-survives-no-confidence-vote-over-agrokor-debt-crisis.html","title":{"rendered":"Croatia government survives no-confidence vote over Agrokor debt crisis"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Croatia government survives no-confidence vote over Agrokor debt crisis<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Croatia government survives no-confidence vote over Agrokor debt crisis:- The Croatian government survived a parliamentary no-confidence vote early on Saturday that the opposition demanded over the handling of a debt crisis at the country\u2019s largest private firm Agrokor<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">In the vote, which followed 12 hours of a parliamentary debate, 59 deputies in the 151-seat parliament were in favor of the removal of the conservative-led cabinet, while 78 were opposed to it.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The no-confidence motion came as the opposition led by the Social Democrats said a liquidity loan agreed in recent months with creditors, including foreign investment funds, to finance Agrokor\u2019s operations through a 15-month period of restructuring lacked transparency and favored some creditors.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The analysts expected the motion to fail as the center-right cabinet comprising the conservatives and the liberals has a small but firm parliamentary majority.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The government introduced an emergency law last April to step in because food group Agrokor, the largest employer in the Balkans, faced a debt and liquidity crisis that threatened to destabilize the country\u2019s economy.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The opposition said that the loan deal was not transparent and appeared to favor some creditors. The government and Agrokor\u2019s crisis manager Ante Ramljak rejected the accusations.<\/span><\/p>\n<p><span style=\"font-size: 8pt\">Source:-\u00a0https:\/\/www.reuters.com\/article\/us-croatia-government\/croatia-government-survives-no-confidence-vote-over-agrokor-debt-crisis-idUSKBN1DA2ZE<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/world-news\/croatia-government-survives-no-confidence-vote-over-agrokor-debt-crisis.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Croatia government survives no-confidence vote over Agrokor debt crisis Croatia government survives no-confidence vote over Agrokor debt crisis:- The Croatian government survived a parliamentary no-confidence vote early on Saturday that the opposition demanded over the handling of a debt crisis at the country\u2019s largest private firm Agrokor In the vote, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":51914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5470],"tags":[98839],"class_list":["post-51902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news","tag-croatia-government-survives-no-confidence-vote-over-agrokor-debt-crisis"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/51902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=51902"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/51902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/51914"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=51902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=51902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=51902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}