Russia grants loan to prop up Serbian budget

A positive thing, it will take Serbia approximately 1000 years to repay Russia's debt!
Another positive thing these Russian loans will bring, is when Russia is ready to recognize Kosova's independence, Serbia will have no say in the matter!
Thank you Russia!

Loan for highway, loan for railway and now loan for state budget all in less then two months, what about next month, loan so they can pay salaries in Kosovo? You guys really want to hit the botton, had it not been for Kosovo you probably would had paid them yourselves. If Prishtina acted smart now they should block all imports from Serbia, leaving further 450-500 million euro annually less into Serbia.

WOW whole Serbian Government living in loan and borrow money this is 6 time they are borroing money this is said for Serbia soon no country going to loan money to broken Serbia.

Why USD and not rubels? After all USD dominates the world. OH, 500 Mil is not enough, since they were expecting 3 billion from EU. This loan is not enough to have Serbian government get on its feet.

- For how long can 500 million rubles feed the Serb people and their livestock?
Tank the Hank

Longer then it would take to feed the enire albanian population in both Kosovo and Albania. But albanians wouldn't use it to feed it's people but to build rafts to escape your impovrished lands. Just like albanians did in the 90s, when hundreds of thousands poor and uneducated albanians fled to Italy on overfilled rafts. That's why nobody will lend you any money. So you will stay where you are. In the gutter!

Rocky

Why are you and other albanians so concerned about Serbian/Russian relations?
Are you threatened in some way or jealous? I just don't get it. Any loan or investment by Russia, or any othe country for that matter, is commented negatively by albanians.
(Hank the Tank, 10 April 2013 18:55)

Hey Hank the Prank, by all means keep on borrowing money from the Russians, I am not jealous one bit, more power to you! I mean your Serbia really has no choice, it must survive somehow! Your Serbia is not going to get it nowhere else, the EU is very displeased by your leaders behavior in the last dialog! But what do you Serbs care, the EU is I sinking ship & is going bankrupt right?

Rocky

Why are you and other albanians so concerned about Serbian/Russian relations?
Are you threatened in some way or jealous? I just don't get it. Any loan or investment by Russia, or any othe country for that matter, is commented negatively by albanians.

For how long can 500 million rubles feed the Serb people and their livestock?

the EU is I sinking ship & is going bankrupt right?
(Rocky, 10 April 2013 23:02)

Yes. So far we have had Portugal, Ireland, Greece, Spain and now Cyprus who have had requested/received bailouts for their broken banks. The EU is €10,320,106,100,000 in debt. More explained here - http://www.guardian.co.uk/news/datablog/2012/feb/06/europe-government-debt and here - http://www.eudebtclock.org/

Now one does not need to be a rocket scientist to figure out that this debt is completely unsustainable. Slovenia is the next to go with the Netherlands and Austria not looking too healthy. France yesterday posted a -2.5% drop in industrial output this week and that cannot be good news for Mr. Hollande. Germany does not have unlimited funds to keep bailing out other economies.

Maybe Serbia is better off outside the EU for now and be looking somewhere else. Unless Serbian bank depositers want to receive a 'haircut' Cypriot style. Oh yes, Cyprus, they now need €23b to save their bacon - http://uk.finance.yahoo.com/news/factbox-cyprus-bailout-financing-needs-164557593.html

Interesting time ahead.

Why not in Rubel, my Russphiles? Oh wait, it's only a rhetorical question..

"For how long can 500 million rubles feed the Serb people and their livestock?
(Tank the Hank, 10 April 2013 19:50) "

It's not going to feed anybody - Dinkic says it's going to be used to pay off the London Club debt, which is at a higher interest rate.

No - serbia had to borrow it to pay off another loan to the UK.

"According to Siluanov, the loan has a ten-year deadline for payment and an interest rate of 3.5 percent."

Very interesting... Russia lends to Serbia at 3.5%, but it lends to Serbia's archenemy, the US, at less than 2% for a similar term loan. And reading these forums I thought that Russia was Serbia's greatest friend...

"According to Siluanov, the loan has a ten-year deadline for payment and an interest rate of 3.5 percent. He stressed that the first tranche would be approved very soon."

Funny, these 'favorable conditions' offered by Russia. Russians must have a lot of trust in Serbia, since a 3,5% interest rate for a loan in hard currency ($) includes some percent of risk fee.

Rocky

Why are you and other albanians so concerned about Serbian/Russian relations?
Are you threatened in some way or jealous? I just don't get it. Any loan or investment by Russia, or any othe country for that matter, is commented negatively by albanians.

A positive thing, it will take Serbia approximately 1000 years to repay Russia's debt!
Another positive thing these Russian loans will bring, is when Russia is ready to recognize Kosova's independence, Serbia will have no say in the matter!
Thank you Russia!

- For how long can 500 million rubles feed the Serb people and their livestock?
Tank the Hank

Longer then it would take to feed the enire albanian population in both Kosovo and Albania. But albanians wouldn't use it to feed it's people but to build rafts to escape your impovrished lands. Just like albanians did in the 90s, when hundreds of thousands poor and uneducated albanians fled to Italy on overfilled rafts. That's why nobody will lend you any money. So you will stay where you are. In the gutter!

For how long can 500 million rubles feed the Serb people and their livestock?

Rocky

Why are you and other albanians so concerned about Serbian/Russian relations?
Are you threatened in some way or jealous? I just don't get it. Any loan or investment by Russia, or any othe country for that matter, is commented negatively by albanians.
(Hank the Tank, 10 April 2013 18:55)

Hey Hank the Prank, by all means keep on borrowing money from the Russians, I am not jealous one bit, more power to you! I mean your Serbia really has no choice, it must survive somehow! Your Serbia is not going to get it nowhere else, the EU is very displeased by your leaders behavior in the last dialog! But what do you Serbs care, the EU is I sinking ship & is going bankrupt right?

WOW whole Serbian Government living in loan and borrow money this is 6 time they are borroing money this is said for Serbia soon no country going to loan money to broken Serbia.

Why not in Rubel, my Russphiles? Oh wait, it's only a rhetorical question..

Loan for highway, loan for railway and now loan for state budget all in less then two months, what about next month, loan so they can pay salaries in Kosovo? You guys really want to hit the botton, had it not been for Kosovo you probably would had paid them yourselves. If Prishtina acted smart now they should block all imports from Serbia, leaving further 450-500 million euro annually less into Serbia.

the EU is I sinking ship & is going bankrupt right?
(Rocky, 10 April 2013 23:02)

Yes. So far we have had Portugal, Ireland, Greece, Spain and now Cyprus who have had requested/received bailouts for their broken banks. The EU is €10,320,106,100,000 in debt. More explained here - http://www.guardian.co.uk/news/datablog/2012/feb/06/europe-government-debt and here - http://www.eudebtclock.org/

Now one does not need to be a rocket scientist to figure out that this debt is completely unsustainable. Slovenia is the next to go with the Netherlands and Austria not looking too healthy. France yesterday posted a -2.5% drop in industrial output this week and that cannot be good news for Mr. Hollande. Germany does not have unlimited funds to keep bailing out other economies.

Maybe Serbia is better off outside the EU for now and be looking somewhere else. Unless Serbian bank depositers want to receive a 'haircut' Cypriot style. Oh yes, Cyprus, they now need €23b to save their bacon - http://uk.finance.yahoo.com/news/factbox-cyprus-bailout-financing-needs-164557593.html

Interesting time ahead.

No - serbia had to borrow it to pay off another loan to the UK.

Why USD and not rubels? After all USD dominates the world. OH, 500 Mil is not enough, since they were expecting 3 billion from EU. This loan is not enough to have Serbian government get on its feet.

"For how long can 500 million rubles feed the Serb people and their livestock?
(Tank the Hank, 10 April 2013 19:50) "

It's not going to feed anybody - Dinkic says it's going to be used to pay off the London Club debt, which is at a higher interest rate.

"According to Siluanov, the loan has a ten-year deadline for payment and an interest rate of 3.5 percent."

Very interesting... Russia lends to Serbia at 3.5%, but it lends to Serbia's archenemy, the US, at less than 2% for a similar term loan. And reading these forums I thought that Russia was Serbia's greatest friend...

"According to Siluanov, the loan has a ten-year deadline for payment and an interest rate of 3.5 percent. He stressed that the first tranche would be approved very soon."

Funny, these 'favorable conditions' offered by Russia. Russians must have a lot of trust in Serbia, since a 3,5% interest rate for a loan in hard currency ($) includes some percent of risk fee.