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 through the work of IMF (Yugoslavia in the 80ies being one of the first victims).
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Yes...in the 80ies there was a lack of foreign... money (to pay debts)  and in ex YU they found solution so we were not to import stuff like coffee, components for laundry powder,chocolate etc. so there was none of these stuff on the market.Black market obviously flourished and inflation started to kick , but it was nothing compared to what happened later... Also we were exporting electricity abroad and that's why we had to have restrictions. Then came Ante Markovic...Suddenly dinar : D Mark parity was 1:7 and stable and everything was better then ever before that people could remember.
But it did not last long...Markovic was kicked out by leadership of all republics and here came the war...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed Aug 1st, 2012 at 02:50:58 AM EST
[ Parent ]
I wonder to this day what actually happened and why? Why west let go of Markovic? My husband has a theory...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed Aug 1st, 2012 at 08:54:17 PM EST
[ Parent ]
It seems his recipe had similar consequences as elsewhere.

Ante Marković - Wikipedia, the free encyclopedia

He became prime minister in March 1989 following the resignation of Branko Mikulić. After that decision had become public, the U.S. had anticipated cooperation because Marković was known "to favor market-oriented reforms" [4] - the BBC declared that he is "Washington's best ally in Yugoslavia".[5] At the end of the year, Marković launched a new and ambitious program of unprecedented economic reforms, including stabilization of currency and privatization, as well as a program of limited trade liberalization. The result of his monetary reform was a temporary halt to inflation leading to a short-lived rise in Yugoslavia's otherwise plummeting standard of living. Nonetheless, the short-term effect of economic reforms undertaken by Marković led to a decline in Yugoslavia's industrial sector. Numerous bankruptcies occurred as the state-owned enterprises struggled to compete in a more free market environment, a fact later wielded against Marković by his many ethnic nationalist political opponents. By 1990, the annual rate of growth in GDP had declined to -7.5%. In 1991, GDP declined by a further 15 percent and industrial output decreased by 21 percent.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Aug 2nd, 2012 at 03:45:48 AM EST
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