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FOREIGN DEBT IS BECOMING THE MAIN ACTOR
Naira Hayrumyan
Story from Lragir.am News:
http://www.lragir.am/engsrc/comments26644.html
Published: 16:07:55 - 22/06/2012
After the parliamentary elections and Tigran Sargsyan's appointment
as prime minister, the IMF announced a 500 million loan to Armenia,
and the World Bank a 200 million loan. Besides, all these major
financial organizations approved the economic policy of the prime
minister though they notice some flaws. But loans are issued with
the hope that the flaws will be attended to.
All the oppositional parties of Armenia criticized the program of
Tigran Sargsyan's government, blamed him for 14% economic decline. The
point is that the parties which were formerly conflicting have
now united.
The credibility of the government's program and its concreteness,
of course, could be better, but looking from the other side, it will
turn out that all the four opposition forces appeared on the other side
of the barricade with the international financial institutes. And if
we take into account that these institutes, the IMF and WB, finance
the Western policy, we should note that the pro-Western Heritage and
other forces of Armenia come out to be against the pro-Western policy
of the ruling party.
This is a conditional division, nevertheless, those, who intend to
have their own candidate for president, should realize that they will
compete with not only the whole administrative machine, headed by
Serzh Sargsyan, but also the financial policy of the West. In the end,
it is not a secret that almost the half of pensions and benefits of
Armenia is paid on account of IMF loans, which goes directly to the
budget. Imagine, what will happen if the IMF suddenly demands back
its debt and does not issue the next tranche. Hardly anyone can doubt
that the IMF and others pursue their own goals in Armenia.
Is this situation thought out by alternative and opposition parties?
What can they propose instead and why haven't they done it yet? Will
the Heritage appear in the "anti-Western" camp?
Actually the foreign debt is becoming in Armenia almost a decisive
factor. "Thanks" to it, Serzh Sargsyan, despite the pressure, didn't
fire Tigran Sargsyan and announced about being a pro-Western leader.
What else Armenia has: it is already in debts up to the throat. Only
Tigran Sargsyan feels "pleasure" from this, who ensured guarantees
of keeping office.
Which path should be chosen in Armenia - a pro-Western or pro-Russian,
in this case, it is not so important,; it is not important, even,
which of these ways is more progressive. Because, by and large we are
found out to have no choice due to the foreign debt. Just as Serge
Sargsyan does not have any choice. And we are drifting to the West,
not because it is closer to our civilization, but because of someone's
guilt who drew us into a huge debt.
What is done with the countries that have amassed large debts,
we see the example of Greece, and many other countries. Moreover,
these countries are suffering just as going with the flow, because
at some point they are forced to privatize all national goods, as
well as when they resist, they tear off their skin.
The opposition should request clarification from the prime minister
and president, why was chosen the "light" version of the debt,
instead of developing the economy. Such claims have already been
heard, but for now debts are treated as "vices" of Tigran Sargsyan,
but in fact Sargsyan is the "product" of the external debt bondage.
Of course, it's too late to do something, because the debts are made,
and even spent, but if an open public debate is launched on this
account, including in Parliament, you can try to determine the level
of impact of this factor in the choice of RA and may neutralize it.
Naira Hayrumyan
Story from Lragir.am News:
http://www.lragir.am/engsrc/comments26644.html
Published: 16:07:55 - 22/06/2012
After the parliamentary elections and Tigran Sargsyan's appointment
as prime minister, the IMF announced a 500 million loan to Armenia,
and the World Bank a 200 million loan. Besides, all these major
financial organizations approved the economic policy of the prime
minister though they notice some flaws. But loans are issued with
the hope that the flaws will be attended to.
All the oppositional parties of Armenia criticized the program of
Tigran Sargsyan's government, blamed him for 14% economic decline. The
point is that the parties which were formerly conflicting have
now united.
The credibility of the government's program and its concreteness,
of course, could be better, but looking from the other side, it will
turn out that all the four opposition forces appeared on the other side
of the barricade with the international financial institutes. And if
we take into account that these institutes, the IMF and WB, finance
the Western policy, we should note that the pro-Western Heritage and
other forces of Armenia come out to be against the pro-Western policy
of the ruling party.
This is a conditional division, nevertheless, those, who intend to
have their own candidate for president, should realize that they will
compete with not only the whole administrative machine, headed by
Serzh Sargsyan, but also the financial policy of the West. In the end,
it is not a secret that almost the half of pensions and benefits of
Armenia is paid on account of IMF loans, which goes directly to the
budget. Imagine, what will happen if the IMF suddenly demands back
its debt and does not issue the next tranche. Hardly anyone can doubt
that the IMF and others pursue their own goals in Armenia.
Is this situation thought out by alternative and opposition parties?
What can they propose instead and why haven't they done it yet? Will
the Heritage appear in the "anti-Western" camp?
Actually the foreign debt is becoming in Armenia almost a decisive
factor. "Thanks" to it, Serzh Sargsyan, despite the pressure, didn't
fire Tigran Sargsyan and announced about being a pro-Western leader.
What else Armenia has: it is already in debts up to the throat. Only
Tigran Sargsyan feels "pleasure" from this, who ensured guarantees
of keeping office.
Which path should be chosen in Armenia - a pro-Western or pro-Russian,
in this case, it is not so important,; it is not important, even,
which of these ways is more progressive. Because, by and large we are
found out to have no choice due to the foreign debt. Just as Serge
Sargsyan does not have any choice. And we are drifting to the West,
not because it is closer to our civilization, but because of someone's
guilt who drew us into a huge debt.
What is done with the countries that have amassed large debts,
we see the example of Greece, and many other countries. Moreover,
these countries are suffering just as going with the flow, because
at some point they are forced to privatize all national goods, as
well as when they resist, they tear off their skin.
The opposition should request clarification from the prime minister
and president, why was chosen the "light" version of the debt,
instead of developing the economy. Such claims have already been
heard, but for now debts are treated as "vices" of Tigran Sargsyan,
but in fact Sargsyan is the "product" of the external debt bondage.
Of course, it's too late to do something, because the debts are made,
and even spent, but if an open public debate is launched on this
account, including in Parliament, you can try to determine the level
of impact of this factor in the choice of RA and may neutralize it.