Namely, after 1980, the economic crisis, that actually started in 1970's but had been successfully kept away from the eyes of public by growing borrowings of foreign capital, became even worse and a lot more obvious. Yugoslavia's economy was based on inefficient industry with overmanned and underfinanced factories, and there was little hope to restructure it...
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Burdened by $20 billion external debt, economy in decline and turmoil in Presidency Council, as a consequence of growing ethnic tensions, Yugoslavia's destiny was sealed. However, all of these events, although enough to account for dissolution of Yugoslavia, are insufficient to explain the causes of the bloodiest war in Europe since WWII...
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