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POLITICIAN: BANKING SYSTEM THE MAIN TOOL OF DESTRUCTION IN ARMENIA
June 25, 2014 | 18:03
YEREVAN. - The banking system is the main tool of destruction in
Armenia, member of former Karabakh committee Ashot Manucharyan said.
The politician said banks are busy with giving loans at high interest
rates. As a result, being unable to repay the loans, people sell
their homes and leave the republic.
"I do not know any other post-Soviet state, except Armenia, where
population fell by half after the collapse of the Soviet Union,"
Manucharyan said.
In addition, he drew attention to the fact that a scientist receives
a salary of about $100 - 200, while the banker's wages are much higher.
As regards the activities of the newgovernment, Manucharyan said he
does not consider this "a government".
"Armenian oligarchy has created a system of robbery and placed their
own people in the system," he emphasized.
Nevertheless, former member of Karabakh committee believes the new
Cabinet can to some extent improve the situation. In particular,
oligarchs, as major economic players, must return all their wealth
overseas to Armenia and develop the economy.
News from Armenia - NEWS.am
June 25, 2014 | 18:03
YEREVAN. - The banking system is the main tool of destruction in
Armenia, member of former Karabakh committee Ashot Manucharyan said.
The politician said banks are busy with giving loans at high interest
rates. As a result, being unable to repay the loans, people sell
their homes and leave the republic.
"I do not know any other post-Soviet state, except Armenia, where
population fell by half after the collapse of the Soviet Union,"
Manucharyan said.
In addition, he drew attention to the fact that a scientist receives
a salary of about $100 - 200, while the banker's wages are much higher.
As regards the activities of the newgovernment, Manucharyan said he
does not consider this "a government".
"Armenian oligarchy has created a system of robbery and placed their
own people in the system," he emphasized.
Nevertheless, former member of Karabakh committee believes the new
Cabinet can to some extent improve the situation. In particular,
oligarchs, as major economic players, must return all their wealth
overseas to Armenia and develop the economy.
News from Armenia - NEWS.am