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Rise and Fall of Prime Minister Ivo Sanader

By Boris Divjak, Senior Fellow, Adriatic Institute for Public Policy and Member of Board of Directors of Transparency International, Berlin, Germany

Having been formally appointed the Prime Minister of Croatia on 23 December 2003, Dr. Ivo Sanader succeeded late Ivica Racan at the moment when the previous government was losing pace and struggled to maintain internal cohesion, which led the ruling six-party coalition into avoiding most painstaking reformist decisions.

Adriatic Institute and Global Financial Integrity Announce Strategic Partnership to Launch New Study on the Balkans’ Illicit Financial Outflows via Crime, Corruption, and Tax Evasion for the Period 1991-2011

The Balkans’ $111.6 Billion in Illicit Financial Outflows (2001-2010) Hemorrhages the Region’s Treasuries and Exposes Western Nations to Financial Risks

Global Financial Integrity's Clark Gascoigne and Raymond Baker with Adriatic Institute's Natasha Srdoc and Joel Anand Samy

“As GFI’s previous research indicates, the Balkans region is losing a tremendous amount of money in illicit financial outflows each year,” said Raymond Baker, President of GFI.  “Illicit capital flight undermines economic development, exacerbates income inequality, fosters corruption, and reduces tax revenues.  Large illicit outflows from Southeastern Europe have serious consequences not just for Sofia and Sarajevo, but for Brussels and Berlin as well.  We are excited to be partnering with the Adriatic Institute to delve more deeply into the topic and give the issue the serious thought and attention it deserves.”

“The Adriatic Institute for Public Policy is pleased to form this strategic partnership with Global Financial Integrity and launch a new study into the Balkans’ illicit financial outflows since 1991,” said Natasha Srdoc, Chairman, Adriatic Institute for Public Policy. “We seek to encourage ongoing efforts to curtail and correct the problems that have led to such massive financial drainages.  This study is crucial for the sixty-four million citizens in the Balkans who have grown poorer by the day and for Western nations, especially EU member states’ taxpayers, who can significantly reduce their financial exposure in the region.”

Balkans lose billions to crime and corruption  - SETimes

Huge losses have a serious economic impact on the region and contribute to crime, terrorism and security concerns, experts said.

Video: Balkan gubi milijarde zbog kriminala i korupcije - Voice of America, Washington, DC

Stručnjaci kažu da golemi gubici imaju ozbiljne ekonomske posljedice u regiji te pridonose problemima kriminala, terorizma i sigurnosti.

Macedonia lost $4.6, Balkans - 111.6 billion in illicit financial outflows

Video: Tko će vratiti ukradenih $15.2 milijardi poreznim obveznicima - hrvatske ili strane vlasti?