Serbia, Russia sign loan agreement

This is one of the sadest moments in Serbia's recent history. Strings attcahed in this agreement will mean that Serbia will be nothing more than just a satellite of Russia. After all it was Russia that created Serbia, and in this context it is going to be Russia that will hold for bit, before destroying it forever.
(PRN, 7 April 2010, 11:46)

Look who's talking!!! You Albos are a colony of the United States. At least Serbia is sovereign and makes its own decisions, unlike "Kosova" who takes orders from the US and EU. Look at your failed attempts to make Serbs use passports at the boundary, failure to force the Serbs to play your games in the north, and imminent failure to even stop the Belgarde appointed judges.

I guess its easier to stick your head in the sand an play ostrich... (no offense to any ostriches out there).

You angry Jason-UNMIK? Hey, this is nothing. What you should worry about is Serbia's total foreign debt which reached € 22.8 billion at the end of last year, which is 74.1 percent of GDP. Now, who do think will be more of the puppet for IMF and alike, Kosovo or Serbia?
(Pejoni, 7 April 2010 14:55)

That's Jason-EULEX to you, buddy. AS for Serbia, I could care less since I am not a citizen (though I do stay in Kosovska-Mitrovica often) That said, I do think it good for Serbs to borrow from friends rather than the IMF or World Bank.

You can say all you like about Serbia's debt, but remember this:

Serbia has industry and a means to provide for itself. Kosovo does not. When the international handouts end, you will have a failed state.

:)

Excellent news, and I love that Serbia is bypassing the IMF crooks. To me, 2.95% interest seems like a great deal for Serbia.
Cheers!!

Great news that we are turning towards our brothers! Getting loans from the US and EU will result in blackmail and degredation. A step in the right direction for Serbia and its people.

It´s always better to borrow money from a brother, rather than a bullying thug (IMF).

Soon Brasil and other countries will stop funding these criminals with countless lives in the 3:d world on their consciouns.

If only all our loans were from Russia, China, Brazil, India, etc... 'cause the loans from the World Bank and IMF have official conditionalities attached which really hurt. The only way Argentina got out of the IMF's jaws was by borrowing from Brazil. It worked!

Excellent news, and I love that Serbia is bypassing the IMF crooks. To me, 2.95% interest seems like a great deal for Serbia.
Cheers!!
(Dragan, 7 April 2010 15:15)

Bravo indeed. One needs to just look at the IMF's track record in 'economic management'. Argentina anyone.

We need to be on our guard against any encroachment by the neo-liberalists and their lackeys who bring only death and misery.

"Serbia, Russia sign loan agreement"

This is one of the sadest moments in Serbia's recent history. Strings attcahed in this agreement will mean that Serbia will be nothing more than just a satellite of Russia. After all it was Russia that created Serbia, and in this context it is going to be Russia that will hold for bit, before destroying it forever.

Serbia makes loans, most countries do, including your beloved USA - they do big time, by the way. Albanians in Kosovo take charity, which they cannot and will not ever return. What are you sticking your chest out about?

Look who's talking!!! You Albos are a colony of the United States. At least Serbia is sovereign and makes its own decisions, unlike "Kosova" who takes orders from the US and EU. Look at your failed attempts to make Serbs use passports at the boundary, failure to force the Serbs to play your games in the north, and imminent failure to even stop the Belgarde appointed judges.

I guess its easier to stick your head in the sand an play ostrich... (no offense to any ostriches out there).
(Jason, 7 April 2010 12:22)

You angry Jason-UNMIK? Hey, this is nothing. What you should worry about is Serbia's total foreign debt which reached € 22.8 billion at the end of last year, which is 74.1 percent of GDP. Now, who do think will be more of the puppet for IMF and alike, Kosovo or Serbia?

Now I've seen it all. Albanians laughing at Serbs borrowing money.

Picture it. A begger on the street in his rags laughing at a guy in a suit and tie going to the bank to borrow money.

Can anyone write a better comedy than the Albanians on this site?

RE; CIA (Estimate 2009) Percentage of Public Debt to GDP

Some highlights;

Serbia is at 31.30% which ranks them 86th;

Croatia: 61%, ranked 29th
Albania: 54%, randed 38th
Montenegro 32%, ranked 80th
Montenegro 38%, ranked 69th
B & H 43%. ranked 63rd
Hungary 78%, ranked 16th
Greece 108%,ranked 8th
Romania, 20% ranked 102nd
Bulgaria, 14% ranked 114th

There are two ways at looking at his; if you are too low, (Bulgaria and Romania) you don't owe much but investment may be too low. If you are too high, then you are close to bankruptcy in the case of Greece and Hungary. If you in the middle, than you are probably at the right balance.

In Serbia's case, they still have more room to be leverage and increase debt.




Zimbabwe 304.30
2 Japan 192.10
3 Saint Kitts and Nevis 185.00
4 Lebanon 156.00
5 Jamaica 131.70
6 Singapore 117.60
7 Italy 115.20
8 Greece 108.10
9 Sudan 104.50
10 Belgium 99.00
11 Iceland 95.10
12 Nicaragua 87.00
13 Sri Lanka 82.90
14 Egypt 79.80
15 France 79.70
16 Hungary 78.00
17 Israel 78.00
18 Germany 77.20
19 Portugal 75.20
20 Canada 72.30
21 Jordan 69.90
22 United Kingdom 68.50
23 Ghana 67.50
24 Malta 67.00
25 Austria 66.50
26 Cote d'Ivoire 63.80
27 Ireland 63.70
28 Netherlands 62.20
29 Croatia 61.00
30 Norway 60.20
31 India 59.60
32 Philippines 58.70
33 Uruguay 58.70
34 Mauritius 58.30
35 Malawi 58.00
36 Bhutan 57.80
37 El Salvador 55.40
38 Albania 54.90
39 Kenya 54.10
40 Morocco 54.10
41 World 53.60
42 United States 52.90
43 Cyprus 52.40
44 Vietnam 52.30
45 Spain 50.00
46 Panama 49.50
47 Costa Rica 49.30
48 Argentina 49.10
49 Turkey 48.50
50 Malaysia 47.80
51 Poland 47.50
52 United Arab Emirates 47.20
53 Tunisia 47.20
54 Brazil 46.80
55 Aruba 46.30
56 Colombia 46.10
57 Thailand 45.90
58 Pakistan 45.30
59 Bolivia 44.00
60 Seychelles 43.90
61 Switzerland 43.50
62 Sweden 43.20
63 Bosnia and Herzegovina 43.00
64 Dominican Republic 41.50
65 Finland 41.40
66 Yemen 39.60
67 Denmark 38.50
68 Bangladesh 38.20
69 Montenegro 38.00
70 Mexico 37.70
71 South Africa 35.70
72 Cuba 34.80
73 Gabon 34.70
74 Slovakia 34.60
75 Papua New Guinea 33.70
76 Taiwan 33.50
77 Czech Republic 32.80
78 Guatemala 32.70
79 Latvia 32.50
80 Macedonia 32.40
81 Syria 32.30
82 Ethiopia 31.70
83 Zambia 31.50
84 Slovenia 31.40
85 Lithuania 31.30
86 Serbia 31.30
87 Moldova 31.30
88 Bahrain 30.10
89 Ukraine 30.00
90 Indonesia 29.80
91 New Zealand 29.30
92 Korea, South 28.00
93 Trinidad and Tobago 26.70
94 Mozambique 26.10
95 Peru 26.10
96 Tanzania 24.80
97 Honduras 24.30
98 Paraguay 24.00
99 Senegal 24.00
100 Saudi Arabia 20.30
101 Ecuador 20.20
102 Romania 20.00
103 Iran 19.40
104 Venezuela 19.40
105 Uganda 19.30
106 Namibia 19.10
107 Australia 18.60
108 China 18.20
109 Hong Kong 18.10
110 Botswana 17.90
111 Nigeria 17.80
112 Angola 16.80
113 Gibraltar 15.70
114 Bulgaria 14.70
115 Luxembourg 14.50
116 Cameroon 14.30
117 Kazakhstan 14.00
118 Uzbekistan 11.70
119 Algeria 10.70
120 Chile 9.00
121 Kuwait 8.30
122 Estonia 7.50
123 Qatar 7.10
124 Russia 6.90
125 Libya 6.50
126 Wallis and Futuna 5.60
127 Azerbaijan 4.60
128 Oman 2.80
129 Equatorial Guinea 1.10

To me, 2.95% interest seems like a great deal for Serbia.
Cheers!!
(Dragan, 7 April 2010 15:15)

It's not 2.95% but "Libor interest rate for six-month deposits in U.S. dollars PLUS 2.95 percent"

http://www.moneycafe.com/library/6monthlibor.htm

At this moment it is pretty low like 0.44438% - but not long ago it was over 7%.

How it will look in few years we can't predict.

Otherwise I am neutral on that. If some "Banka e UÇK" will give me a loan with 1% and a "Četniceska Banka" with 21% - than I will borrow from UÇK. But I will make sure, my kidney wasn't used for transplants and no one SNEAKEd in some unexpected by-laws while I signed the deal.

Only people who don't understand finances will say this is a good deal. Just to give you a perspective, most Suprime loans that defaulted in the U.S were tied to either a 6 months LIBOR or MTA Index. This is one of the most volatile financial indexes. It's unthinkable for for any country to get long term debt based on this index. Serbia must be in a desperate situation to sign for this kind of deal. Based on previous performance, by the time grace period expires, 6 months LIBOR will hit 4%, meaning Serbia will pay a 7% rate on this loan. Added up, over almost 10 years Serbia will pay at least $75M interest on this. Is it really a good deal? You decide.

If you are too high, then you are close to bankruptcy in the case of Greece and Hungary.
(Jugoslavija, 7 April 2010 21:41)

Thanks for telling it. This is why I was crying out loudly about Vlora Çitaku being the best for Hungarian PM and the benefits of "zero" kilometer stone in Budapest being painted in Serbian tricolor and Croatian chessboard motive.

The entire country was goofed up like never before in the history, not even in 1526.

The best to describe the situation was a funny moment this weekend. We started out to KosMet via Osijek to avoid driving through entire Budapest. I hate driving in large cities.

At the Hungarian/Croatian border we had to wait... and wait.. and wait... because the Hungarian computer system was broken. Once it was more-less up and running we had to wait... and wait.. and wait because we wanted to get a certain stamp. In the mean time everyone was feeling uneasy for "call of nature" reason. It turned out, the Hungarian toilets are broken. I asked what to do... the answer was: "wait a little, we will finish hopefully soon and on the Croatian side the toilets aren't broken".

Describes the state 100%. But before going ahead and invading Szkopje and Isztria in earnest Hungarians need to fix the toilet.

My next field trip won't focus on seeing the EULEX in action. I am now rather curious, will be that little strategic room on the Hungarian / Croatian border fixed after upcoming elections.

Can anyone write a better comedy than the Albanians on this site?
(Peggy, 8 April 2010 04:15)

Sure - people waiting impatiently on the border to leave Hungary because they need to use a toilet. That was hilarious and did beat everything.

Our prayers are that the toilet will be restored to it's former glory... godwilling.

"Serbia, Russia sign loan agreement"

This is one of the sadest moments in Serbia's recent history. Strings attcahed in this agreement will mean that Serbia will be nothing more than just a satellite of Russia. After all it was Russia that created Serbia, and in this context it is going to be Russia that will hold for bit, before destroying it forever.

Look who's talking!!! You Albos are a colony of the United States. At least Serbia is sovereign and makes its own decisions, unlike "Kosova" who takes orders from the US and EU. Look at your failed attempts to make Serbs use passports at the boundary, failure to force the Serbs to play your games in the north, and imminent failure to even stop the Belgarde appointed judges.

I guess its easier to stick your head in the sand an play ostrich... (no offense to any ostriches out there).
(Jason, 7 April 2010 12:22)

You angry Jason-UNMIK? Hey, this is nothing. What you should worry about is Serbia's total foreign debt which reached € 22.8 billion at the end of last year, which is 74.1 percent of GDP. Now, who do think will be more of the puppet for IMF and alike, Kosovo or Serbia?

Excellent news, and I love that Serbia is bypassing the IMF crooks. To me, 2.95% interest seems like a great deal for Serbia.
Cheers!!

It´s always better to borrow money from a brother, rather than a bullying thug (IMF).

Soon Brasil and other countries will stop funding these criminals with countless lives in the 3:d world on their consciouns.

This is one of the sadest moments in Serbia's recent history. Strings attcahed in this agreement will mean that Serbia will be nothing more than just a satellite of Russia. After all it was Russia that created Serbia, and in this context it is going to be Russia that will hold for bit, before destroying it forever.
(PRN, 7 April 2010, 11:46)

Look who's talking!!! You Albos are a colony of the United States. At least Serbia is sovereign and makes its own decisions, unlike "Kosova" who takes orders from the US and EU. Look at your failed attempts to make Serbs use passports at the boundary, failure to force the Serbs to play your games in the north, and imminent failure to even stop the Belgarde appointed judges.

I guess its easier to stick your head in the sand an play ostrich... (no offense to any ostriches out there).

Only people who don't understand finances will say this is a good deal. Just to give you a perspective, most Suprime loans that defaulted in the U.S were tied to either a 6 months LIBOR or MTA Index. This is one of the most volatile financial indexes. It's unthinkable for for any country to get long term debt based on this index. Serbia must be in a desperate situation to sign for this kind of deal. Based on previous performance, by the time grace period expires, 6 months LIBOR will hit 4%, meaning Serbia will pay a 7% rate on this loan. Added up, over almost 10 years Serbia will pay at least $75M interest on this. Is it really a good deal? You decide.

Great news that we are turning towards our brothers! Getting loans from the US and EU will result in blackmail and degredation. A step in the right direction for Serbia and its people.

If only all our loans were from Russia, China, Brazil, India, etc... 'cause the loans from the World Bank and IMF have official conditionalities attached which really hurt. The only way Argentina got out of the IMF's jaws was by borrowing from Brazil. It worked!

You angry Jason-UNMIK? Hey, this is nothing. What you should worry about is Serbia's total foreign debt which reached € 22.8 billion at the end of last year, which is 74.1 percent of GDP. Now, who do think will be more of the puppet for IMF and alike, Kosovo or Serbia?
(Pejoni, 7 April 2010 14:55)

That's Jason-EULEX to you, buddy. AS for Serbia, I could care less since I am not a citizen (though I do stay in Kosovska-Mitrovica often) That said, I do think it good for Serbs to borrow from friends rather than the IMF or World Bank.

You can say all you like about Serbia's debt, but remember this:

Serbia has industry and a means to provide for itself. Kosovo does not. When the international handouts end, you will have a failed state.

:)

Now I've seen it all. Albanians laughing at Serbs borrowing money.

Picture it. A begger on the street in his rags laughing at a guy in a suit and tie going to the bank to borrow money.

Can anyone write a better comedy than the Albanians on this site?

Excellent news, and I love that Serbia is bypassing the IMF crooks. To me, 2.95% interest seems like a great deal for Serbia.
Cheers!!
(Dragan, 7 April 2010 15:15)

Bravo indeed. One needs to just look at the IMF's track record in 'economic management'. Argentina anyone.

We need to be on our guard against any encroachment by the neo-liberalists and their lackeys who bring only death and misery.

To me, 2.95% interest seems like a great deal for Serbia.
Cheers!!
(Dragan, 7 April 2010 15:15)

It's not 2.95% but "Libor interest rate for six-month deposits in U.S. dollars PLUS 2.95 percent"

http://www.moneycafe.com/library/6monthlibor.htm

At this moment it is pretty low like 0.44438% - but not long ago it was over 7%.

How it will look in few years we can't predict.

Otherwise I am neutral on that. If some "Banka e UÇK" will give me a loan with 1% and a "Četniceska Banka" with 21% - than I will borrow from UÇK. But I will make sure, my kidney wasn't used for transplants and no one SNEAKEd in some unexpected by-laws while I signed the deal.

Serbia makes loans, most countries do, including your beloved USA - they do big time, by the way. Albanians in Kosovo take charity, which they cannot and will not ever return. What are you sticking your chest out about?

RE; CIA (Estimate 2009) Percentage of Public Debt to GDP

Some highlights;

Serbia is at 31.30% which ranks them 86th;

Croatia: 61%, ranked 29th
Albania: 54%, randed 38th
Montenegro 32%, ranked 80th
Montenegro 38%, ranked 69th
B & H 43%. ranked 63rd
Hungary 78%, ranked 16th
Greece 108%,ranked 8th
Romania, 20% ranked 102nd
Bulgaria, 14% ranked 114th

There are two ways at looking at his; if you are too low, (Bulgaria and Romania) you don't owe much but investment may be too low. If you are too high, then you are close to bankruptcy in the case of Greece and Hungary. If you in the middle, than you are probably at the right balance.

In Serbia's case, they still have more room to be leverage and increase debt.




Zimbabwe 304.30
2 Japan 192.10
3 Saint Kitts and Nevis 185.00
4 Lebanon 156.00
5 Jamaica 131.70
6 Singapore 117.60
7 Italy 115.20
8 Greece 108.10
9 Sudan 104.50
10 Belgium 99.00
11 Iceland 95.10
12 Nicaragua 87.00
13 Sri Lanka 82.90
14 Egypt 79.80
15 France 79.70
16 Hungary 78.00
17 Israel 78.00
18 Germany 77.20
19 Portugal 75.20
20 Canada 72.30
21 Jordan 69.90
22 United Kingdom 68.50
23 Ghana 67.50
24 Malta 67.00
25 Austria 66.50
26 Cote d'Ivoire 63.80
27 Ireland 63.70
28 Netherlands 62.20
29 Croatia 61.00
30 Norway 60.20
31 India 59.60
32 Philippines 58.70
33 Uruguay 58.70
34 Mauritius 58.30
35 Malawi 58.00
36 Bhutan 57.80
37 El Salvador 55.40
38 Albania 54.90
39 Kenya 54.10
40 Morocco 54.10
41 World 53.60
42 United States 52.90
43 Cyprus 52.40
44 Vietnam 52.30
45 Spain 50.00
46 Panama 49.50
47 Costa Rica 49.30
48 Argentina 49.10
49 Turkey 48.50
50 Malaysia 47.80
51 Poland 47.50
52 United Arab Emirates 47.20
53 Tunisia 47.20
54 Brazil 46.80
55 Aruba 46.30
56 Colombia 46.10
57 Thailand 45.90
58 Pakistan 45.30
59 Bolivia 44.00
60 Seychelles 43.90
61 Switzerland 43.50
62 Sweden 43.20
63 Bosnia and Herzegovina 43.00
64 Dominican Republic 41.50
65 Finland 41.40
66 Yemen 39.60
67 Denmark 38.50
68 Bangladesh 38.20
69 Montenegro 38.00
70 Mexico 37.70
71 South Africa 35.70
72 Cuba 34.80
73 Gabon 34.70
74 Slovakia 34.60
75 Papua New Guinea 33.70
76 Taiwan 33.50
77 Czech Republic 32.80
78 Guatemala 32.70
79 Latvia 32.50
80 Macedonia 32.40
81 Syria 32.30
82 Ethiopia 31.70
83 Zambia 31.50
84 Slovenia 31.40
85 Lithuania 31.30
86 Serbia 31.30
87 Moldova 31.30
88 Bahrain 30.10
89 Ukraine 30.00
90 Indonesia 29.80
91 New Zealand 29.30
92 Korea, South 28.00
93 Trinidad and Tobago 26.70
94 Mozambique 26.10
95 Peru 26.10
96 Tanzania 24.80
97 Honduras 24.30
98 Paraguay 24.00
99 Senegal 24.00
100 Saudi Arabia 20.30
101 Ecuador 20.20
102 Romania 20.00
103 Iran 19.40
104 Venezuela 19.40
105 Uganda 19.30
106 Namibia 19.10
107 Australia 18.60
108 China 18.20
109 Hong Kong 18.10
110 Botswana 17.90
111 Nigeria 17.80
112 Angola 16.80
113 Gibraltar 15.70
114 Bulgaria 14.70
115 Luxembourg 14.50
116 Cameroon 14.30
117 Kazakhstan 14.00
118 Uzbekistan 11.70
119 Algeria 10.70
120 Chile 9.00
121 Kuwait 8.30
122 Estonia 7.50
123 Qatar 7.10
124 Russia 6.90
125 Libya 6.50
126 Wallis and Futuna 5.60
127 Azerbaijan 4.60
128 Oman 2.80
129 Equatorial Guinea 1.10

If you are too high, then you are close to bankruptcy in the case of Greece and Hungary.
(Jugoslavija, 7 April 2010 21:41)

Thanks for telling it. This is why I was crying out loudly about Vlora Çitaku being the best for Hungarian PM and the benefits of "zero" kilometer stone in Budapest being painted in Serbian tricolor and Croatian chessboard motive.

The entire country was goofed up like never before in the history, not even in 1526.

The best to describe the situation was a funny moment this weekend. We started out to KosMet via Osijek to avoid driving through entire Budapest. I hate driving in large cities.

At the Hungarian/Croatian border we had to wait... and wait.. and wait... because the Hungarian computer system was broken. Once it was more-less up and running we had to wait... and wait.. and wait because we wanted to get a certain stamp. In the mean time everyone was feeling uneasy for "call of nature" reason. It turned out, the Hungarian toilets are broken. I asked what to do... the answer was: "wait a little, we will finish hopefully soon and on the Croatian side the toilets aren't broken".

Describes the state 100%. But before going ahead and invading Szkopje and Isztria in earnest Hungarians need to fix the toilet.

My next field trip won't focus on seeing the EULEX in action. I am now rather curious, will be that little strategic room on the Hungarian / Croatian border fixed after upcoming elections.

Can anyone write a better comedy than the Albanians on this site?
(Peggy, 8 April 2010 04:15)

Sure - people waiting impatiently on the border to leave Hungary because they need to use a toilet. That was hilarious and did beat everything.

Our prayers are that the toilet will be restored to it's former glory... godwilling.