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Impotent Government Must Resign, MP Says

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  • Impotent Government Must Resign, MP Says

    IMPOTENT GOVERNMENT MUST RESIGN, MP SAYS

    news.am
    Feb 28 2011
    Armenia

    In studying the 2011 program of action of the Armenian State
    Commission for Protection of Economic Competition, one can see that
    high market concentration, particularly 100% concentration in the
    sugar market. However, the Armenian Constitution and laws prohibit
    monopolies, Artsvik Minasyan, a member of the Armenian Revolutionary
    Federation Dashnaksutyun (ARF-D) faction, stated in Parliament.

    The aforesaid proves ineffectiveness of the economic protection system
    in Armenia. "If the Commission for Protection of Economic Competition
    is unable to improve the situation, why are they financed from the
    budget?" Minasyan asked. According to him, the current situation
    in the market proves Armenia`s economic structure does not ensure
    competition and has nothing in common with the real state of affairs.

    "Even the Armenian Premier stated that monopolies and oligopolies have
    taken deep roots in the Armenian economy. So the Premier admits the
    Government`s impotence in battling the phenomena," Minasyan said. In
    this case, the Government must resign, he said.

    He also harshly criticized the Government`s steps to curb inflation.

    The MP stressed that preventive measures are more effective.

    Specifically, ensuring economic competition is the most effective
    method of curbing inflation. "Prices are rising, the Commission for
    protection of Economic Competition is staging another show, saying:
    `Just see, we do fine defaulters`. But the situation is not changing
    at all," Minasyan said.




    From: A. Papazian
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