Credit Crisis in Serbia… since 1993

by Viktor on March 13, 2009

Reuters have made a report from Subotica, city in northern part of Serbia, Vojvodina, bordering with Hungary, about a local ‘black market’ where people buy and sell stuff without paying taxes to the state. It may look to an uninformed viewer, upon watching the video, as if this market is a consequence of the recent global economy crisis, but the truth is this market never stopped functioning during the past, oh I don’t know, 15 years? It’s just that there are currently more people shopping there than in the so called “legal” malls.

Serbia functions like this since forever – this has made a lot of people here wonder why everyone in the West has been so upset about some crisis – this is the solution. Pity that the Reuters never mention this in their report, and pity that they didn’t try to learn to pronounce the name of the city properly (Soo-boh-tee-tza, not Soo-boh-tee-kah)

Here’s the report:

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{ 6 comments… read them below or add one }

Hein March 13, 2009 at 8:33 pm

Hi I am doing research about Belgrade for a school project,This looks really interesting,can you send me info about what is happening in Belgrade.

Hein March 13, 2009 at 8:54 pm

That is almost like stealing from the government.Can you respond and tell me what is happening now in Belgrade,because I am doing a school project about Belgrade and I need information.

Viktor March 13, 2009 at 11:18 pm

Well, it’s better than having government that steals from you, I think, but yes, paying no taxes at all is not a nice thing to do.

This video is not from Belgrade, but Subotica, a smaller city in north of Serbia.
I’ll be glad to help, let me know what kind of info you need.

Owen March 14, 2009 at 2:23 am

I’m afraid there aren’t many people in the UK – maybe Helen Long among them – who’ve ever heard the town’s name spoken. Our pronunciation is probably set in concrete as a result of 1992 memories of the illustrious namesake – http://www.youtube.com/watch?v=VY2F1MUD8KY&feature=related
(since she was French she was probably entitled to a French pronunciation; the commentator did well to give the Quebecois rendering of St Jovite)

Required March 14, 2009 at 4:40 am

Government steals from us, we’re just getting our money back ;)

john philip turner March 31, 2009 at 12:58 am

People have to eat. When they can. If they can. That is true. For i know and see every day, how hard it has become . With out work people are lucky eat once a day. It is no wonder THE PEOPLE buy food in Hungary. When the children cry when the whole family need a basic thing FOOD . The west and the rest. How can it be wrong to feed the hungry? beans beans meanz . TESCO, ALDI, ASDA. It costs over a english pound for a tin? PLAIN RUDE. When the EEC complain prices are high. How and why can they not see what they are getting because? GIRO DAY

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