Yugoslavia had a unique advantage as not being a part of the Soviet sphere of influence nor the Western sphere , so its economy prospered under its socialist economy Being a successful socialist economy was seen as a threat by the IMF , because as the freemarket reforms bit into Eastern Europe , the citizens of those nations would be inspired by Yugoslavia to revert to socialism so a plan was developed .In 1989 Yugoslavia approached the IMF for a loan , the IMF demanded certain conditions before approval of the loan , namely the implementation of market reforms then engulfing the former communist nations of Eastern Europe . And so a program of economic austerity was implemented on the economy , and needless to say the people of that nation rejected these reforms in a mass strike consisting of 750,000 people the plan collapse . So a plan was implemented to break up Yugoslavia , Germany declared it recognized Croatian and Slovenian independence , even though these 2 republics had not even declared independence , but it was a signal to quasi-facist elements within those 2 republics , which have close relations with Germany , to break away , so in June of 1991 those 2 republics declared their independence . That was a clear signal for everyone to fight for their lives and carve up Bosnia which lasted until November 1995 . The final assault on socialist Serbia under Milosevic , came in April 1999 , falsely inventing a human tragedy in Kosovo , NATO on behalf of the IMF attacked Serbia , destroying its infrastructure , each night on TV we saw thousands of refugees crossing the border supposedly to escape genocidal Serbian soldiers , in fact they were escaping NATO bombing , which was deliberately bombing civilian areas to spur on the tide of refugees to head for the waiting Western media in this propaganda spectacle . Finally in June Serbia gave in and accepted the IMF program which the current Govt is implementing for Western masters .