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    Serbia launches sweeping austerity measures to avoid...

    euronews (in English)

    by euronews (in English)

    Serbia's government has announced a raft of sweeping austerity measures which it says are necessary to avoid going bankrupt.

    There is to be a general public sector salary cut, a rise in VAT and a reduction of state subsidies.

    Efforts are also to be made towards clamping down on smuggling and illegal tobacco trafficking.