BELGRADE -- Saša Radulović says it was "defined" that "a curb on the gray economy is Serbia's greatest chance and impetus for overcoming the crisis."
The Serbian minister of economy said this transpired during talks with economic expert Dominique Strauss-Kahn, who was recently appointed an adviser to the Serbian government.Translated; we screwed up by raising taxes, now the people conduct their economic affairs 'unofficially' (under the table). So, we surrender to economic reality.
"If we manage to channel just a small part of that economy into legal flows, we will have an official increase of one-two percent in the gross domestic product (GDP) in the next two years," Radulović said at the Serbian Chamber of Commerce (PKS), where he attended a presentation of the "Top 500" publication.
He underscored that Serbia should not repeat the mistake that it made a year ago when taxes were raised as part of the process of fiscal consolidation, which resulted in a slump in economic activity and a drop in retail trade turnover.
"One year on, we have a smaller economy and bigger problems. We must not repeat this mistake," the minister said.Maybe this is the kind of 'community service' Eurocrat misbehaviorists can do more of, as penance.