FEATURE
Just as it isn't known how long the pandemic will last, when a vaccine will be found and what kind of autumn awaits us, it isn't even known whether the new tranche of state aid will succeed in preserving Serbia's economic stability and thus prevent company closures and worker lay-offs
10
August
The Power Of The Virus & The Scale Of The Crisis
W
hen the Government of Serbia decided in early April to earmark 5.1 billion euros to help the economy and citizens cope as easily as possible with the consequences of the global pandemic caused by the spread of the Coronavirus, it was unknown how long the crisis would last, what its scope would be and who it would hit. Most of these unknowns remain until today, with no end of the pandemic in sight, and – according to epidemiologists
and economists – the coming autumn will not bring us any relief. On the contrary. It is unknown whether Serbian President Aleksandar Vučić had their forecast in mind at the beginning of July, when he announced that the state was not considering a new package of measures intended for the economy, or when he referred to those predictions twenty days later, announcing another tranche of 1.36 billion euros. And it remains to be seen whether that will be enough! ■
