"New government must maintain Serbia's credibility"

Mr Bajec said that new government needs to be realistic in terms of both, public revenue and public spending. Unfortunately, current government showed us that they are only expert in spending money. They are responsible because people living in poor conditions.

Foreign investors care not only about fiscal stability, but about "rule of law," meaning that revisiting privatizations is going to make some potential investors nervous. Just recently Argentina renationalized a major Spanish-owned oil company, leading to threats of retaliation from Spain and the EU, and predictions that foreign investment will slow as a result. I'm not saying that the way the state-owned enterprises were privatized in Serbia was fair or efficient, but it's apt to be seen as a poor indicator by some foreign firms.

Mr Bajec said that new government needs to be realistic in terms of both, public revenue and public spending. Unfortunately, current government showed us that they are only expert in spending money. They are responsible because people living in poor conditions.

Foreign investors care not only about fiscal stability, but about "rule of law," meaning that revisiting privatizations is going to make some potential investors nervous. Just recently Argentina renationalized a major Spanish-owned oil company, leading to threats of retaliation from Spain and the EU, and predictions that foreign investment will slow as a result. I'm not saying that the way the state-owned enterprises were privatized in Serbia was fair or efficient, but it's apt to be seen as a poor indicator by some foreign firms.