PM: No bankruptcy, but recovery strategy needed

At one point the article mentioned that no tolerance will be accepted on a grey (gray) economy. My view is that a country like Serbia, which is still in transition, needs a grey economy for it not to collapse entirely. A grey economy, where taxes are paid accordingly and sporadically if at all, supports many small entrepreneurs and businesses who would not not be able to succeed or succeed with the burdens of bureaucracy, legislation and taxes. The grey economy is a cash economy which puts food on the table for many who can't find stable jobs or who are not qualified. The grey economy should be tolerated until the government starts doing what it promised 2 years ago. Create jobs and attract investments. Till now it has done little to convince me that the grey economy should be terminated.

I read a few days ago that Russia paid off its debt to Serbia which it inherited from the Soviet Union. "Russia pays off $288.8 million debt to Serbia" http://en.rian.ru/world/20130618/181739594/Russia-Pays-Off-2B-Soviet-Debt-to-Serbia-Slovakia.html

Seems like the lion's share of that should be used to pay down Serbia's most pressing or highest interest debts. But about 30 million should be reserved to stimulate or help Serbia's economy, such as paying off construction or other workers who haven't been paid or using it to help Serbian businesses which export.

At one point the article mentioned that no tolerance will be accepted on a grey (gray) economy. My view is that a country like Serbia, which is still in transition, needs a grey economy for it not to collapse entirely. A grey economy, where taxes are paid accordingly and sporadically if at all, supports many small entrepreneurs and businesses who would not not be able to succeed or succeed with the burdens of bureaucracy, legislation and taxes. The grey economy is a cash economy which puts food on the table for many who can't find stable jobs or who are not qualified. The grey economy should be tolerated until the government starts doing what it promised 2 years ago. Create jobs and attract investments. Till now it has done little to convince me that the grey economy should be terminated.

I read a few days ago that Russia paid off its debt to Serbia which it inherited from the Soviet Union. "Russia pays off $288.8 million debt to Serbia" http://en.rian.ru/world/20130618/181739594/Russia-Pays-Off-2B-Soviet-Debt-to-Serbia-Slovakia.html

Seems like the lion's share of that should be used to pay down Serbia's most pressing or highest interest debts. But about 30 million should be reserved to stimulate or help Serbia's economy, such as paying off construction or other workers who haven't been paid or using it to help Serbian businesses which export.