Serbia and Montenegro consists of a loose commonwealth in
Europe, the successor state of the former
Yugoslavia.
Serbia and
Montenegro, the remaining federal
states of Yugoslavia, came to an agreement only to cooperate in some political fields (e.g. a defence union). The two states have the right to seek full independence three years after the acceptance of the new constitution, which occurred on
February 4,
2003. The states will have their own economic policies and currencies. Serbia and Montenegro does not have a common capital any more. Institutions are divided between
Belgrade and
Podgorica. In
2006 a referendum will take place on the future of
Serbia and Montenegro's further existence.
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| Fig. 1 - Current Map of Serbia and Montenegro |
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