Slovenia: Croatia’s path towards EU is clear

08.03.2013 - 09:10

Slovenia and Croatia initiated a memorandum of understanding that should resolve an old banking dispute. This banking dispute had threatened to derail Croatia’s EU accession.

The memorandum of understanding was initiated in Zagreb by Croatian FM Vesna Pusić and Slovenian State Secretary Tone Kajzer in Zagreb. The final agreement will be signed on Monday 11 March. The Bank for International Settlement (BIS) took on an arbitration role on this dispute. Under the new agreement the Croatian government will suspend all court proceedings and the Slovenian government vowed that will ratify Croatia’s Accession Treaty.Croatia’s path towards EU is clear.

European Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle welcomed the news from Ljubljana and Zagreb. "I consider this to be a good deal for both countries and good deal for enlargement. This is also a very good example how joint efforts in the area of good neighbourly relations bring benefits for both sides and provide basis to solve open issues. It is the culmination of intense efforts by both countries. We congratulate Slovenia and Croatia on their commitment and willingness to find a solution. We are now looking forward to the formal adoption of the agreement."

Croatia signed an accession agreement with the EU in 2011. Croatia’s EU accession was at stake. Slovenia had refused to ratify Croatia’s Accession Treaty. The break-up of the Yugoslavia provoked the collapse of the Slovenia-based Ljubljanska Banka, as result Croatians lost their deposits.