Financial Times says Croatia is EU’s new economic basket case

Greece's economy is slowly and painfully healing after a catastrophic debt crisis and the title of No.1 Economic Basket Case of the European Union is now held by Croatia, according to the Financial Times.
 " Which country now holds the title of No.1 Economic Basket Case of the European Union?
 The answer is surely Croatia," FT said.
 "It is a small country (4.3 m people, not even 1 per cent of the 28-nation EU’s 506m inhabitants) that did not join the EU until last July. It is not a eurozone member. It has gorgeous lands and beaches where life seems distinctly pleasant. So Croatia and its economic troubles often slip under everyone’s radar, read the article-. The Financial Times recalls that Croatia is now in its sixth successive year of recession and that during this time it has lost almost 13 per cent of its gross domestic product. Unemployment is about 17 per cent of the workforce, and among young people the rate is close to 50 per cent, FT said.