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Mike says Wake up, Iraq, you will not be able to borrow your way out of the problem you created
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Mike says Wake up, Iraq, you will not be able to borrow your way out of the problem you created
mike
Article "The budget deficit and lending policies"
I know I sound like a broken record, but the growing corruption is crippling Iraq.
The US was going to guarantee a $2 billion dollar loan which would have sent a signal to other lenders that Iraq was a safe bet because the US was behind them. Now that the US has pulled out of that agreement, it's sending a completely different signal to those investors. Whatever dreams Iraq had of securing the needed $12 billion dollars just died, their hopes of borrowing money until the price of oil rose, died with it.
Wake up, Iraq, you will not be able to borrow your way out of the problem you created with your rentier state. Definition of a rentier economy: In political science and international relations theory, a rentier state is a state which derives all or a substantial portion of its national revenues from the rent of indigenous resources to external clients.
Article: "Chairman of the parliament will hold a meeting with the heads of the blocks Saturday and Jubouri directed the committees to continue their work"
Quote: "al-Jubouri, the face of parliamentary committees to continue their work during the recess that will last for ten days on the occasion of Ashura."
...another 10 day vacation for the hard working folks in Iraqi politics.
...Yes, Jabouri is saying they're going to "work" during the break but by now we know nothing of value is going to happen.
Over and over they demonstrate a lack of urgency and political will to make the necessary changes in a timely manner.
10.08.2016
Last edited by Ponee on Sun Oct 09, 2016 8:21 am; edited 1 time in total
Ponee- Admin
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Re: Mike says Wake up, Iraq, you will not be able to borrow your way out of the problem you created
terbo and I have been saying this for well over a year. they are being told to stall everytime they seem to make progress they pull a same stunt. a perfect example is the average Iraqi works one hour a day per 8 hour shift as per gov statics and they want to give them 5 yrs vacation. Iraq is a joke as well as being controlled like a puppet by two main countries. so all I can say for any sheep expecting an rv two things never or buy a bible and pray
Jayzze- VIP Member
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Re: Mike says Wake up, Iraq, you will not be able to borrow your way out of the problem you created
*Yawn* so tell me something new....
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Re: Mike says Wake up, Iraq, you will not be able to borrow your way out of the problem you created
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Ponee- Admin
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