On June 10, the 79th day since the beginning of NATO air strikes against Yugoslavia, NATO Secretary-General Mr. Javier Solana announced official suspension of air campaign saying that Yugoslavia President Siobodan Milosevic compiled with the five demands placed by the International Community and withdrawal of Yugoslav forces from Kosovo was underway.

Bill Clinton President of the United States claimed victory and said it was "just and honourable conclusion" of the conflict.

As soon as the suspension of the air strikes was announced, Yugoslav President Mr. Milosevic emerged for the first time since the start of NATO attacks to address his people with the words "We have not given up Kosovo, our sovereignty and integrity will be guaranteed by the eight most developed countries in the world (G-8) and the United Nations". "The question of independence of Kosovo was closed", Mr. Milosevic claimed. He said Yugoslavia proved that its army was undefeatable and best in the world. In his televised address he also claimed Yugoslavia succeeded in restoring United Nation's role in the world scene, what according to him, was Yugoslavia contribution to the peace loving world's opposition to the creating of a world which would be ruled by dictate from one centre. He also vowed to rebuild the war devastated economy.

But where the money for reconstruction will come from U.S. President and British Prime Minister Tony Blair, who is known as the "most hawkish" NATO leader warned the Yugoslav people that the West would not give any aid for the reconstruction of Yugoslavia as long as President Slobodan Milosevic, indicted for war crimes, remained in power.

The losses caused by 11 weeks of NATO bombing destroying industries, bridges, roads, oil refineries, electric power systems and telecommunications are around 100 billion US dollars, according to the Yugoslav official estimations. Following NATO bombardments industrial production in Yugoslavia dropped by 45 percent in relation to March this year while gross domestic production fell by 40 percent, according to independent economist Miadjan Dinkie. Without financial aid from abroad it would take 16 year to reach the economic level of March 1999 and 25 years to get the economy to 1989 level, said Mr. Dinkie. Without foreign aid it would take 20 years to rebuild the bridges throughout Serbia without foreign aid the economist assessed.

"Future of Serbia in the post-war period could have two scenarios-either Serbia could become a huge building site or could remain conserved in the present condition with large number of ruins. Which of the two scenarios would be adopted depends on our readiness for institutional and a personnel changes, said Mrs. Jellea Minic, President of European Movement in Serbia.

Mr. Vuk Draskovic, President of the "Serbian Renewal Movement the largest opposition party in Serbia, called for radical political and economic reforms but hardly anybody here believes that such reforms would be possible under Yugoslav President Milosevic and his regime.