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European Commission Warns Against Spajic's "Euro Model": Risk to Public Finances, State Faces Large Debts - I Love Podgorica
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While Prime Minister Milojko Spajić announces new increases in salaries and pensions from January, the European Commission warns that his “Euro model” could seriously threaten the sustainability of Montenegro’s public finances. Brussels points to the budget deficit overrun, high mandatory expenditures and large debt repayment needs, while demanding that the government control spending and add additional revenues. The European Commission in …
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