I just wanted to write: "Check out this amazing building in Tuzla (🇧🇦), finally got to see it in person". But then it turned out to be the scam of the century.
One of Yugoslavia's largest banks — LB (Ljubljanska banka) — collapsed along with the country's breakup. Besides Slovenes, nearly 300,000 Croats and Bosniaks kept their savings there. Estimates put the total at up to $2 billion.
Slovenia, on the ruins of the company, opened NLB (Nova LB), which inherited everything except obligations to now-foreigners. They even passed a law: "Dear Croats and Bosniaks, we forgive you all your deposits. Your Slovenes". Can you do that, really?
What's more, LB physically moved assets from other Yugoslav cities to Ljubljana for several years before the collapse. The perfect crime.
Seeing this, Croatian companies stopped paying their loans. They were sued and forced to resume payments. Only deposits were forgiven, not debts.
Individual depositors successfully won their cases at the European Court of Human Rights. Sadly, not everyone lived to see the verdict. Croatia's case against Slovenia could resolve everything for Croats at once, but a verdict is still far off.
One of Yugoslavia's largest banks — LB (Ljubljanska banka) — collapsed along with the country's breakup. Besides Slovenes, nearly 300,000 Croats and Bosniaks kept their savings there. Estimates put the total at up to $2 billion.
Slovenia, on the ruins of the company, opened NLB (Nova LB), which inherited everything except obligations to now-foreigners. They even passed a law: "Dear Croats and Bosniaks, we forgive you all your deposits. Your Slovenes". Can you do that, really?
What's more, LB physically moved assets from other Yugoslav cities to Ljubljana for several years before the collapse. The perfect crime.
Seeing this, Croatian companies stopped paying their loans. They were sued and forced to resume payments. Only deposits were forgiven, not debts.
Individual depositors successfully won their cases at the European Court of Human Rights. Sadly, not everyone lived to see the verdict. Croatia's case against Slovenia could resolve everything for Croats at once, but a verdict is still far off.
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