Former Minister of Finances: The government failed with the economy, brought crisis
19/08/2015 00:00
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For Ridvan Bode, the fiscal policies of the government have failed and
put the entire economy in difficulties. He says that this is the reason
why the budget should be reviewed.
The former Minsiter says that the raised taxes might keep the crisis evn longer, and this agony of the economy might make it more difficult to restructure their problems, for reallocating their capitals in sectors and industry.
Bode says that with the passivity of the current banking system, with the unfriendly policies of the government, the businesses with a higher rentability might be damaged, and those that consume more but produce less might be the ones that survive.
According to him, the weak economic growth combined with the high debt have increased the risks for the financial stability of the country. Bode warns that the loans the government is taking from abroad are a long term danger for public finances.
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