Lovrinovic dismisses reports that his coalition pushes for inflation

A coalition made up of the Human Shield party, Franak, the Youth Action and the "Let's change Croatia" party on Saturday dismissed as "manipulation and lies" media reports that the coalition wanted more money to be printed as a way of solving economic problems in the country.

These lies are being spread by those who are afraid of our economic platform, which is designed to protect the middle class and ordinary citizens, Ivan Lovrinovic of the "Let's change Croatia" party said at an inpromptu news conference in downtown Zagreb, which the coalition organised to dismiss accusations that it planned to financially destabilise the country.   

Lovrinovic said the coalition was against the printing of money but was also against the way the Croatian National Bank (HNB) had operated so far.

The coalition wants the financial system, primarily banks, to serve to boost production, employment, enterprise and housing loans that would be denominated exclusively in the national currency, he said.

The coalition's economic platform envisages increasing the non-taxable income to HRK 5,000 and the minimum wage from the current net value of HRK 2,600 to 5,000 over the next four years, namely by HRK 600 annually, said Lovrinovic.

"We are the only political camp that has offered concrete solutions for strengthening the middle class and by doing so, we have knowingly exposed ourselves to the danger of ill-intentioned misinterpretation," said Lovrinovic. 

Last update: Sat, 20/08/2016 - 14:37


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