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"Nor is free enterprise capitalism a free-for-all. This is not always fully understood in countries which are trying to make the difficult transition from socialism to capitalism. A properly functioning market economy must always be governed by clear rules of competition and there must be effective safeguards for investors. Capitalism cannot, in fact, operate without a strong administration to police the laws that provide its framework. And it cannot succeed without honesty. Racketeers, blackmarketeers and smugglers are not entrepreneurs - they are just plain criminals.  Corruption and gangsterism are scourges which afflict many newly developing economies and states. They should be ruthlessly and fearlessly expunged. Otherwise not just the free market but freedom itself is in peril. " Lady Thatcher, Speech Delivered in Zagreb, Croatia, Sept. 16, 1998

FT Highlights Croatia's Challenges

The Financial Times' analysis and a seperate editorial highlights Croatia's challenges.  The Adriatic Institute's Joel Anand Samy is quoted by FT:

"Critics question whether Uskok can ever nail the most powerful politicians, whose patronage shelters lower-level offenders. “Over 20 past and present HDZ cabinet officials have accumulated vast amounts of [unexplained] wealth,” says Joel Anand Samy at the Adriatic Institute for Public Policy, a US-Croatian think-tank critical of the HDZ. “Yet they and several thousand of their partners in crime remain free, without any investigations or charges.” He says Brussels must “resist Croatia’s charm offensive” and should demand more than “paltry” reforms."

Also, FT highlights the Adriatic Institute's collaborative endeavor with reformers including Adriatic Institute's advisory board and leadership members - Monica Macovei, Member of the European Parliament, Member of the European Parliament's Justice Committee and Former Minister of Justice, Romania), Maurice McTigue (Vice President, The Mercatus Center and Former NZ Cabinet Member and NZ Ambassador to Canada), Rupert Vining (UK Prosecutor, Former Advisor to Romania's President and Former Advisor to Croatia's Ministry of Justice) and Natasha Srdoc (Co-Founder and President of Adriatic Institute):

"Yet anti-corruption advocates want Croatia’s laws to go further than the EU requires (in fact, further than those of any EU member state) so that suspicious wealth would justify corruption charges and failure to prove the source of earnings could earn the accused a guilty verdict."


The Financial Times' Editorial

Relevant link: http://www.ft.com/cms/s/0/e6675a94-ffb5-11de-921f-00144feabdc0.html


The Financial Times' Analysis

Europe: Higher aspirations

By Neil MacDonald and Stefan Wagstyl

Print edition: January 13, 2010

Relevant link: http://www.ft.com/cms/s/0/29d44864-0079-11df-b50b-00144feabdc0.html