The Serbian delegation headed by PM Mirko Cvetković "had no choice but to, over the upcoming four year period, take out an additional loan of USD 800mn".
Your unwillingness to decrease the size of the Grey Economy costs the state budget upto 4 billion euros. (Totally getting a hold of this money is impossible, but a reduction by 25-50% of its size would increase our budgets to the point that we wouldn't need loans).
In addition to the grey economy most will argue that between 25-40% spent on public procurements is lost due to corruption because your government hasn't passed any public tender laws that apply to them. That's anywhere between 600 million to 1.2 billion lost annually by your government (again it's a semantic debate your people will claim public procurements cost 2.4 billion, others will say they're more like 3 billion).
Lastly, your governments refusal to go after monopolies like Delta's costs the state some 675 million euros.
Mirko, why are you a criminal and a liar. Is it because you fear the consequences of challenging the Washington Consensus? Do you want to ruin our economy so that were forced to implement grotesque IMF demands (of the kind once forced on South America)? Is it because you think having ahuge debt load makes it easier for us to join the EU? s it because you fear being killed like Djindjic when you go after corruption and criminality? Is it because you are a failed economist? Is it because you yourself gain personally from forcing Serbia into debt?
I know no one will ask him and if they do he will not answer. Hopefully Serbia faces a future like back in 2004 when depsite a net increase in government debt, our economy grew enought that there was a net decrease in it as a portion of GDP.
Better stay away from WB and IMF.
Serbian exterior debt has already raised as of 25% during the last year.
One day, our children will have to pay back those credits.
Everything will be fine as long as credits keep on flowing in for to pay back former credits. But, this way, you'll give much power on Serbian policies, to those who have the power to open or close the credit tap.
Remember what happened to Yugoslavia
Your unwillingness to decrease the size of the Grey Economy costs the state budget upto 4 billion euros. (Totally getting a hold of this money is impossible, but a reduction by 25-50% of its size would increase our budgets to the point that we wouldn't need loans).
In addition to the grey economy most will argue that between 25-40% spent on public procurements is lost due to corruption because your government hasn't passed any public tender laws that apply to them. That's anywhere between 600 million to 1.2 billion lost annually by your government (again it's a semantic debate your people will claim public procurements cost 2.4 billion, others will say they're more like 3 billion).
Lastly, your governments refusal to go after monopolies like Delta's costs the state some 675 million euros.
Mirko, why are you a criminal and a liar. Is it because you fear the consequences of challenging the Washington Consensus? Do you want to ruin our economy so that were forced to implement grotesque IMF demands (of the kind once forced on South America)? Is it because you think having ahuge debt load makes it easier for us to join the EU? s it because you fear being killed like Djindjic when you go after corruption and criminality? Is it because you are a failed economist? Is it because you yourself gain personally from forcing Serbia into debt?
I know no one will ask him and if they do he will not answer. Hopefully Serbia faces a future like back in 2004 when depsite a net increase in government debt, our economy grew enought that there was a net decrease in it as a portion of GDP.
Better stay away from WB and IMF.
Serbian exterior debt has already raised as of 25% during the last year.
One day, our children will have to pay back those credits.
Everything will be fine as long as credits keep on flowing in for to pay back former credits. But, this way, you'll give much power on Serbian policies, to those who have the power to open or close the credit tap.
Remember what happened to Yugoslavia
Your unwillingness to decrease the size of the Grey Economy costs the state budget upto 4 billion euros. (Totally getting a hold of this money is impossible, but a reduction by 25-50% of its size would increase our budgets to the point that we wouldn't need loans).
In addition to the grey economy most will argue that between 25-40% spent on public procurements is lost due to corruption because your government hasn't passed any public tender laws that apply to them. That's anywhere between 600 million to 1.2 billion lost annually by your government (again it's a semantic debate your people will claim public procurements cost 2.4 billion, others will say they're more like 3 billion).
Lastly, your governments refusal to go after monopolies like Delta's costs the state some 675 million euros.
Mirko, why are you a criminal and a liar. Is it because you fear the consequences of challenging the Washington Consensus? Do you want to ruin our economy so that were forced to implement grotesque IMF demands (of the kind once forced on South America)? Is it because you think having ahuge debt load makes it easier for us to join the EU? s it because you fear being killed like Djindjic when you go after corruption and criminality? Is it because you are a failed economist? Is it because you yourself gain personally from forcing Serbia into debt?
I know no one will ask him and if they do he will not answer. Hopefully Serbia faces a future like back in 2004 when depsite a net increase in government debt, our economy grew enought that there was a net decrease in it as a portion of GDP.
Better stay away from WB and IMF.
Serbian exterior debt has already raised as of 25% during the last year.
One day, our children will have to pay back those credits.
Everything will be fine as long as credits keep on flowing in for to pay back former credits. But, this way, you'll give much power on Serbian policies, to those who have the power to open or close the credit tap.
Remember what happened to Yugoslavia
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