Serbia is seeking a $3bn bailout loan from the International Monetary Fund to help save it from financial ruin.
The global economic downturn represents a serious challenge for the country’s pro-European government.
Nicole Itano reports from Belgrade.
Barack Obama, the US president, has said he fears there are more hard times ahead for the economy as the recession deepens.
But executives from big banks still get perks even after they received bailout funds.
Al Jazeera’s John Terrett reports from New York.