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Armenian Opposition Member Blames Authorities For Economic Downturn

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  • Armenian Opposition Member Blames Authorities For Economic Downturn

    ARMENIAN OPPOSITION MEMBER BLAMES AUTHORITIES FOR ECONOMIC DOWNTURN

    Mediamax
    Nov 10 2009
    Armenia

    Yerevan, 10 November: A coordinator of the opposition Armenian National
    Congress (ANC) has stated that Armenia is the "world leader" in terms
    of economic downturn.

    Speaking at a news conference in Yerevan today [10 November], Levon
    Zurabyan said that "the main explanation for the critical economic
    situation in the country is the presence of a vicious system, which
    is serving the interests of few oligarchs," Mediamax reports. The ANC
    coordinator expressed confidence that "99 per cent of the economic
    downturn is caused by domestic problems".

    The former chairman of the Armenian Central Bank, Bagrat Asatryan, said
    that he has elaborated an alternative anti-crisis programme for the
    ANC, which will be presented to public discussion in the near future.
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