What do Serbia and the Maldives have in common? Similarity is not geographical or cultural, but fiscal. Namely, Serbian tax policies and its “socialism for the rich” place the country among those in the “grey zone” of tax havens.
Private-public partnerships in public services sector represent just another instrument for private businesses to get their hands on public funds. BusPlus is a typical example of such business model in Serbia whose downsides have been obvious for years now.
One of the most vocal promotors of leaving the Eurozone was Costas Lapavitsas, professor of Economics at the School of Oriental and African Studies at the University of London. Mr. Lapavitsas is a prominent critic of the European financial system, and has been working on issues related to the theory of money over many years.