Announcement

Collapse
No announcement yet.

If PM does not understand, he has experienced degradation of rationa

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • If PM does not understand, he has experienced degradation of rationa

    If PM does not understand, he has experienced degradation of
    rationality - Armenia's second president

    December 30, 2013 | 12:15

    YEREVAN. - In an interview with2rd.am, Armenian second President
    Robert Kocharyan commented on PM Tigran Sargsyan's statement, at a
    recent press conference, that the `construction balloon' as exploded
    in Armenia.

    Kocharyan specifically said the following in the interview:

    `The PM's response to the journalist's question about the causes of
    the continuing decline in the volume of construction in the republic
    caught my attention, since the PM's explanation had nothing in common
    with reality. I will try to answer that question myself.

    `Why is the volume of construction steadily declining for five
    consecutive years?

    `1) The mass exodus of the people from Armenia. The potential buyers
    of new apartments are leaving [thereby] reducing the demand in the
    real estate market. The drop in the real estate demand and price has
    undermined the investment charm of the construction industry.

    `2) The significant deterioration of the mortgage terms. Few
    intelligent people would dare to use such a `mortgage.' And the banks
    are not to be blamed in this. Also add the substantial growth in the
    poor population to all this.

    `3) The mood of our citizenry. Apathy, the sense of hopelessness,
    [and] the lack of faith in the country's prospect are becoming a
    stable factor in the conduct and motivation of the people. A person,
    who plans to leave, never acquires real estate in the country, or the
    city, which he wants to leave. The same also applies to launching a
    new business.

    `And [all] this is not the fault of the previous government. The
    [economic] crisis likewise has no connection for a long time. So, it
    is impossible to evade accountability here. If the PM does not
    understand this, he has experienced a degradation of rationality. If
    he is lying and maneuvering while understanding [this], this is an
    ethical degradation. In any case, a low-worth PM is an impermissible
    luxury for the country.'

    http://news.am/eng/news/187821.html

Working...
X