More than 330 million BAM on the basis of bonds on the Vienna Stock Exchange to be collected by the Republika Srpska (RS) entity will arrive on June 28th of this year. According to the claims of entity president Milorad Dodik and RS Finance Minister Zora Vidovic, all obligations will be settled and the entity will not go bankrupt.
Economic and political analyst Svetlana Cenic said in an interview that the entity currently has no money, but she also explained how they plan to provide it.
“They don’t have money, that’s why they are asking for a loan from commercial banks, the biggest in history. They will actually do the following – when they sold those same bonds on the Vienna Stock Exchange, the buyers were mostly local banks, and now they will just exchange bonds for bonds with a higher interest rate. The rest of the money needed to repay the debt will stop the distribution of indirect taxes to the municipalities so that debt can be returned,” Cenic told.
She added that the government in the RS failed to find money “here and there” in the way it had imagined because everyone is asking for state guarantees. Therefore, with these intentions, the trips to Russia, China, and Hungary were in vain.
“The only option for them is to blackmail the coalition at the state level in the future so that they give their consent, but anyway RS pays its part, the Federation does not and has no such obligation,” says Cenic.
She explains that if this were not the case, then the largest indebtedness of commercial banks in history would occur because they are required to buy back 210 million BAM.
“But if they replace those bonds that they bought on the Vienna Stock Exchange with these bonds that have an even higher interest rate, that will be roughly the way they intend to solve that debt,” she points out.
At the moment when the RS is “asking” commercial banks for 210 million, Cenic noted, the president of the entity and his delegation are buying new cars.
“Cars are being bought, helicopters are buzzing, is there any empathy here, is there order, priorities… As for Zora Vidovic‘s statement that the people love the RS, and it will not fail, I want to say that the people love it, but the government does not love it and they are doing everything to destroy it. Therefore, when she signs such things, let her reconsider her love for the RS, and let her spare the tortured people who are watching and paying for all this,” concludes Cenic, Klix.ba reports.
E.Dz.
