Downfall of the Croatian The Economist

written by Željko Ivanković

Downfall of the 
Croatian The EconomistWhen France Arhar became governor of the Bank of Slovenia in the early 1990s, radical Mladina, their most influential weekly, wrote that he had asked his secretary to remove all the newspapers from his desk, since he had no time to read them, and leave only one issue – it was of course The Economist. Katarina Ott, manager of The Institute of Public Finance in Zagreb at the time, was convinced that the Slovenian and the Croatian economies were far ahead of the former socialist countries, her argument being that a lot more business people read The Economist in Croatia and Slovenia.