In a talk show ‘’Justice with Bećiragić Sanjin’’ on TV1, the former Federal Minister of Finance and former Deputy Prime Minister of FB&H, Nikola Grabovac, warned that further borrowing from the International Monetary Fund (IMF) will lead B&H in financial slavery, as it currently has Greece.
“No one from the government structures today are not trying to generate revenues, just trying to raise loans in order to settle their obligations.
They are just making new loans. After this, another loan from the IMF will follow, and perhaps it will be the last one.
The fourth step is to stop all loans from the IMF, and request to the State to make the sale and privatization of the companies, on which they have their focus on.
‘’We’ll have to sell the domestic resources in order to return the debt to the IMF,” he warned, noting that this financial institution saves only governments, not citizens at all.
He sees the exit from the economic crisis without the help of the IMF. This requires the help of friendly countries and the agreement between key domestic political actors.
“The United States printed more than four trillion USD without coverage. The EU decided to print up to one thousand and one hundred billion EUR without coverage. B&H has BAM that is 100 % covered by foreign currencies, which are solid and convertible. I claim that, at the moment, BAM is healthier currency than the US dollar and the EUR.
My suggestion is to print BAM to a limited sum, somewhere up to 10 %, in order to cause inflation. In this case, it must be legally resolved that the Central Bank is responsible for control of inflation up to 10 %.
If inflation is higher than 10 %, leaders of the Central Bank should be legally liable and prosecuted, “as Grabovac explained his proposal.
(Source: fokus.ba)
