From: [EMAIL PROTECTED] Subject: Yugoslav Banking Sector Dismantled! HTTP://WWW.STOPNATO.ORG.UK --------------------------- [Yugoslavia's domestic banking sector is under direct threat of liquidation as the new Central Bank director Mladen Dinkic - the leader of the US-funded proxy group of IMF/WB economists known as the G17 - seeks to pave the way for foreign penetration of FRY's financial infrastructure. This essentially amounts to the financial disarmament of the entire country, and represents the last domino to fall in the progressive take over of Balkan countries' banking sectors by German and Austrian firms. The complete recolonization of the Balkans continues to proceed apace...] Yugoslav leaders back cenbank head over bank cuts BELGRADE, Dec 26 (Reuters) - Reformist Yugoslav leaders weighed in behind their central bank governor on Wednesday when workers stung by sweeping banking sector cutbacks clamoured for his head to roll. Central Bank Govenor Mladjan Dinkic plans next week to liquidate Yugoslavia's four largest banks, with 9,000 employees, according to a document unions told Reuters they had obtained. The long expected closures are part of a World Bank-backed plan to overhaul Yugoslavia's communist-era financial sector. The bankers' trade union said such mass lay-offs would be a potential "social bomb" and demanded that the Yugoslav parliament sack Dinkic for mishandling the sector. Under his reforms, a third of Yugoslavia's banks were dissolved in 2001. Serbian Finance Minister Bozidar Djelic stood by Dinkic's actions, which he said had provoked bitter but necessary disillusionment after decades of socialism, when disastrous loans were made under political pressure. He also cited ulterior political motives for attempts to oust Dinkic, who is overhauling a system built around ousted president Slobodan Milosevic and his associates. Milosevic is awaiting a war crimes trial in The Hague. "The campaign is led by the relics of the former regime who are now trying to consolidate and topple one of the key reformers. Naturally, the governor's position is not easy but he will have the support of the Serbian government," Djelic said. Jugobanka, Investbanka, Beogradska Banka and Beobanka will be closed on January 4, according to the document. Dinkic was unavailable for comment and has declined to comment on the issue before. About 250 bankers gathered outside the Yugoslav parliament. Many complained that foreign banks were being encouraged to expand in Yugoslavia while domestic banks were shut down. "Our four banks (once) accounted for 80 percent of the entire sector's activity and now they are closing us while allowing foreign banks to steal work from us," a protesting bank clerk in his early 50s told Reuters. "Who is going to give me a decent job, any job now?" 14:07 12-26-01 _________________________________________________ KOMINFORM P.O. Box 66 00841 Helsinki Phone +358-40-7177941 Fax +358-9-7591081 http://www.kominf.pp.fi General class struggle news: [EMAIL PROTECTED] subscribe mails to: [EMAIL PROTECTED] Geopolitical news: [EMAIL PROTECTED] subscribe: [EMAIL PROTECTED] __________________________________________________
