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PETRITSCH: BOSNIA IS LIKELY TO FACE GRAVE ECONOMIC CRISIS

SARAJEVO, April 4 - The international community's High Representative to Bosnia-Herzegovina on Tuesday warned that this country could face dramatic consequences of an increasing economic crisis unless urgent reforms were carried out. Speaking to reporters after today's session of the management board of the Council in charge of the Dayton peace accords' implementation, Petritsch said the results of their meeting would be to send a serious warning about Bosnian authorities' failure to carry out expected legislative changes and alteration of other regulations necessary for the economic reforms. We are particularly concerned because Bosnian authorities failed to take decisive measures in the attraction of foreign investment and in the fight against corruption, the Austrian diplomat added. He called on Bosnian citizens to go to the polls next Saturday and vote for changes, citing the example of rec
SARAJEVO, April 4 - The international community's High Representative to Bosnia-Herzegovina on Tuesday warned that this country could face dramatic consequences of an increasing economic crisis unless urgent reforms were carried out. Speaking to reporters after today's session of the management board of the Council in charge of the Dayton peace accords' implementation, Petritsch said the results of their meeting would be to send a serious warning about Bosnian authorities' failure to carry out expected legislative changes and alteration of other regulations necessary for the economic reforms. We are particularly concerned because Bosnian authorities failed to take decisive measures in the attraction of foreign investment and in the fight against corruption, the Austrian diplomat added. He called on Bosnian citizens to go to the polls next Saturday and vote for changes, citing the example of recent elections in Croatia when Croatian citizens managed to get necessary changes in a democratic manner. (hina) ms

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