The two enduring macroeconomic challenges for Serbia – inflation and current account deficit – will become even more difficult to take on. And we are repeatedly sent the same message: by Standard&Poor’s two months ago, by EU representatives at end-September, and by the World Bank and the IMF early this month. These messages are loud and clear for all to understand.
And, since we ourselves are fully aware of what needs to be done, the question remains: What keeps us from doing it? 2  BIS Review 132/2008  4. Structural changes: Restructuring of large public enterprises, privatization of the remaining state-owned enterprises and institution of bankruptcy proceedings against enterprises that cannot be privatized lies at the core of the transition process in Serbia.