Saturday, May 12, 2007

Pro-EU government at last

I spoke to soon - coalition agreement between “democratic” or “pro-European” parties was reached yesterday (Friday) virtually in last possible moment as the government has to be elected by Tuesday, 15th May midnight as it takes about 2 days to call the Parliament session and elect the government. I must admit this comes as great relief as I don't believe either government with Radicals or new elections would be desirable outcome.

Belgrade stock exchange had about 16% of its value wiped beginning of this week at peek of the crisis (about 1 bn EUR) and virtually all of it has been regained on Friday morning before official news was floated about coalition agreement. It will be interesting to see who made money on this move when information about buyers (normally 3 days after the trade) gets published.

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