WASHINGTON — Serbia, which is heavily favored to join the beleaguered European Union (EU), received a go-ahead push by the International Monetary Fund (IMF) as the Europeans ignored Turkey’s application for membership another year in a row.
Reuters reported that the IMF said that it could immediately support Serbia with a financial package to help Serbia curb its debt in the meantime.
Serbia’s government will announce its deeper spending cuts as its economy, like many European economies, stagnated as of late.
This is a slap in the face for Turkey, which has waited for EU membership for decades, and has only been a member of NATO throughout the Cold War and afterward. It has long allied itself as a secular nation with the West, but is reconsidering its position and relationship after being rejected yet again by the Europeans.