nbs speech, 2007-12-05
We have been scrutinizing all of the above factors primarily from the aspect of their impact on Serbia, in which a) relatively easy and cheap borrowing abroad represents the key prerequisite to financing of the BOP deficit, b) inflationary pressures in the Euro Zone due to high level of eurization spill over into Serbia relatively quickly, and c) 80% of the banking sector is in the majority ownership of well ranked strategic owners from EU countries.
Sentiment: neutral
Topic: financial_stability