borrowing

Borrowing for the future: What Serbia’s €200 million eurobond sale really means

When Serbia recently issued €200 million worth of long-term Treasury bonds maturing in 2037, the story was reported as a financial transaction. But bonds are never just technical finance. They are political statements, economic barometers and mirrors reflecting how a country sees its future — and how global markets judge that vision. On the surface, the sale signals something positive. Investors remain willing to lend to Serbia at a time of geopolitical uncertainty, energy instability and fiscal pressure. That means…