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IS TIGRAN SARGSIAN UNSERIOUS?
A1+
[07:42 pm] 09 October, 2008
"For years, Tigran Sargsian announced that Armenia's bank is
well-developed and has integrated into the international banking
market. Now, Sargsian is not serious when he announces that the
world economic crisis will not affect Armenia. Only an unserious
person could say something like that," says former prime minister,
economist Hrant Bagratian.
During a press conference held today at the National Press Club,
Hrant Bagratian did not exclude that the economic crisis is milder in
Armenia due to Armenia's isolation. "However, no matter how isolated
Armenia is, we are also a part of the world and it would be better
if we felt those economic ups-and-downs. The oligarchies had to feel
those ups-and-downs first and not the people."
Will the opening of the Turkish-Armenian border endanger Armenia's
economic development? In response to that Hrant Bagratian said: "We
will experience a small, brief shock. If we really set our minds to
creating, after three years the Turks will be the ones complaining
about the opening of the border."
Hrant Bagratian briefly touched upon Tigran Sargsian's intention to
create an international pan-Armenian bank. "He is creating a new job
for himself."
Bagratian also touched upon the state budget and said: "In 1995,
the budget had a 3-4% deficit; thirteen years later that deficit has
gone down by two percent. Do you call that development?"
A1+
[07:42 pm] 09 October, 2008
"For years, Tigran Sargsian announced that Armenia's bank is
well-developed and has integrated into the international banking
market. Now, Sargsian is not serious when he announces that the
world economic crisis will not affect Armenia. Only an unserious
person could say something like that," says former prime minister,
economist Hrant Bagratian.
During a press conference held today at the National Press Club,
Hrant Bagratian did not exclude that the economic crisis is milder in
Armenia due to Armenia's isolation. "However, no matter how isolated
Armenia is, we are also a part of the world and it would be better
if we felt those economic ups-and-downs. The oligarchies had to feel
those ups-and-downs first and not the people."
Will the opening of the Turkish-Armenian border endanger Armenia's
economic development? In response to that Hrant Bagratian said: "We
will experience a small, brief shock. If we really set our minds to
creating, after three years the Turks will be the ones complaining
about the opening of the border."
Hrant Bagratian briefly touched upon Tigran Sargsian's intention to
create an international pan-Armenian bank. "He is creating a new job
for himself."
Bagratian also touched upon the state budget and said: "In 1995,
the budget had a 3-4% deficit; thirteen years later that deficit has
gone down by two percent. Do you call that development?"