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Serbia finance minister resigns over slow pace of reforms

A man stands behind the Serbian national flag Mitrovica on the evening of April 19, 2013Serbia’s finance minister stepped down on Saturday after just two months in the job, citing a disagreement with Prime Minister Aleksandar Vucic over the pace of economic reforms. Lazar Krstic had planned to introduce austerity measures to revive the country’s ailing economy, notably by cutting pensions by 20 to 25 percent and reducing public sector wages by 20 percent. The prime minister has another view regarding the pace of those reforms and that’s why we have agreed … that I will resign,” Krstic told reporters. Vucic, also present at the press conference, thanked Krstic for his efforts and confirmed his reasons for leaving.

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