Niall O'Doherty
pre 15 godina
Whereas Serbia is facing a CERTAIN future: more IMF loans ($3.5 Billion to be exact) and a 18% drop in income for average Serbs. See B92 stories. Look in own yard first.
(Alban, 25 February 2009 21:17)
Alban, the recession is being felt worldwide for the first time since the early 1930s. Countries that hitherto were unaffected by the economic crisis such as Canada, Russia, China and Australia are now feeling the pinch as demand for their exports is drying up. In the UK, ports are clogged with container ships with nowhere to go. International trade is coming to a halt. You are feeling it, I'm feeling it, we are all feeling it.
and that means bad news particularly for Kosmet as the donations and remittances abroad are drying up too. The current strikes are just the start of it. Who is going to pay for the salaries of doctors, nurses, teachers, police etc.? You can expect more of the same in the current months, i.e. protests, strikes and civil unrest.
Say what you like about Serbia but its economy is in alot better position to get out of the recession than you lot. It has a functioning economy, good infrastructure and a solid manufacturing base to build upon. Kosmet has neither. Its in legal limbo which deters investors, 2 million people crammed into a tiny area with no functioning and sustainable economy, 50% + on the scratch.... Its not looking good and conditions are a recipe for potential powder keg.
At least Serbia pays the wages on time.
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