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Prime Minister's Trying To Cheat

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  • Prime Minister's Trying To Cheat

    PRIME MINISTER'S TRYING TO CHEAT
    ARMAN GALOYAN

    Story from Lragir.am News:
    http://www.lragir.am/engsrc/interview23473.html
    Published: 12:05:06 - 23/09/2011

    Interview with Vahagn Khachatryan, member of the Armenian National
    Congress, economist

    Prime Minister Tigran Sargsyan announced in the last meeting of
    government that Armenia has stepped into a stage of economic activity
    and the assessments of international organizations are evidence to
    this. "Our opponents should argue with the authoritative international
    organization which publish these assessments and indices, rather than
    the government," he said. Would you please comment on this statement?

    Tigran Sargsyan and his team are busy with pleasing the world rather
    than working for Armenia addressing the problems of the country. In
    2009, the crisis caused a 14 percent decline which was followed by
    some growth. Now the international agencies state that a positive
    tendency was observed in some areas of the economy. It is a natural
    phenomena, that is the way it should be. But when these assessments
    satisfy the government, they start trumpeting it every now and then.

    But when one of these organizations gives a negative assessment,
    they immediately call this organization as bad, non-professional,
    and their assessments non-true. If you remember, there was a similar
    reaction to the publication of the Forbes which stated an economic
    decline and ranked Armenia as the second worst economy in the world.

    However, what matters is that no positive change has taken place
    in the economy of Armenia and there could not have been such. We do
    not criticize for the sake of criticism. We have always evaluated the
    situation objectively, and we repeat that the economy in Armenia is in
    an extremely bad state. Moreover, the economic crisis persists, and we
    are facing decline. Our economy depends heavily on the Russian economy
    and the world raw material market changes. The economy of Armenia is
    affected essentially by two factors, the changes of oil and metal
    prices, and remittances from Russia. If these two factors are not
    positive, our economy does not exist. In other words, we are not an
    independent economy which has its logic of development. We remain a
    country with a deplorable economy, which is dominated by monopolies,
    oligarchs, which depends on the wishes of people who stand at the
    top level of the government. They decide the buy and sell price of
    products, they decide the amount of tax each businessman should pay,
    and the amount to the slush funds. For Tigran Sargsyan's information,
    these are not only our evaluation but also the evaluation of foreign
    businessmen, Diaspora Armenians who have ever had to deal with this
    government.

    In your opinion, does the assessment that Armenia has entered a stage
    of economic activity refer to post-crisis reconstruction?

    It is just the ultimate level of cynicism. In this situation when the
    world economy is facing the second stage of the crisis, when Russia
    and Europe echoed negatively the evaluations on the future of the U.S.

    economy, such a statement by someone who holds the post of prime
    minister has one simple explanation: the situation is out of their
    control, and they are trying to cheat us. Meanwhile, it proves that
    they must leave, and the sooner, the better. The Armenian economy
    cannot enter a stage of growth because there are no resources for
    growth. On the contrary, 2012-2013 are going to be extremely hard years
    for the Armenian economy. I know that they have already applied to
    international organizations, asking to delay the payment of external
    debt service obligations. If Tigran Sargsyan thinks he can use the
    foreign debt to activate our economy, he is badly mistaken because
    there is nobody to lend money, considering the experience of Greece,
    Spain, Italy, Portugal where the external debt and state budget are
    problem 1. Today, according to some evaluations, even in the United
    States, economic growth is questioned. Can you remember discussions
    in the U.S. House and Senate?

    Do you think Armenia will be able to cope with the second stage of
    the crisis?

    They came up with a solution to cope with the crisis in 2009 but they
    tripled foreign debt. They did not find another solution, they just
    went around, seeking for money here and there. Now, how are they going
    to cope with the second stage? Have they created jobs? Is people's
    income up? Are investments up? How about exports?

    Export growth was reported only thanks to molybdenum and copper
    prices, but not in terms of absolute numbers, simply in the amount
    result. Meanwhile, you and me and the others live in Armenia and
    we the citizens of Armenia can answer if we can feel the result of
    stepping into a stage of economic activity. On the contrary, we can
    see other activity in growth of prices. Another wave of inflation is
    there. Are they aware of this? Do they know that due to the rise of
    price of cocoa chocolate prices soared by 40-60%, after the price of
    sugar went up, the prices of products including sugar also soared? Why
    are they trying to cheat us?

    In that case, why does the prime minister make such statements?

    He only wants to indicate that he and his government are good, simply
    irreplaceable. They don't want to speak about their failures and blame
    the others. They think if they are thriving, so are the others. The
    higher the level of cynicism, the bigger the lie.

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