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Dimko-piperkata 10-10-2011 02:50 PM

Economy Expert: Macedonia Very Lucky Not to be in Eurozone
[QUOTE][I][SIZE=2]Monday, 10 October 2011

[/SIZE][/I]Macedonia should be grateful and count its blessings for not being part of the eurozone and able to keep the competitiveness of its economy, says Martin O. Hutchinson, former advisor of the Macedonian Government, in an interview with Voice of America.

Hutchinson believes that the Greek debt crisis does not mean too much to Europe.

"This is a correction of the mistakes made in 1981 and 2002, clearing up of the disturbance created through over-subsidizing of Greece, allowing its living standard to be fully uncompetitive. The problem now is that stock markets have expanded the mistrust over the payment capability of other European countries. This could have been resolved by bringing back the drachma, but is now a threat to the entire European Union", says Hutchinson.

According to him, the Greek debt and eurozone crises could have an effect on Macedonia.

"In the short-term, export to Greece will be heavily hit, whereas investments there will reduce. The problem in the long-term will be that EU enlargement will slow down, while the accession criteria will become stricter", stresses Hutchinson.

Asked what steps should the Macedonian Government undertake in order to minimize the negative effect on the economy he says efforts should be invested in creating a budget surplus.

"I have not analyzed Macedonia's economy for several years, but the most important thing is to preserve the international funding of Macedonia's needs, especially in the private sector. The government must do everything in creating a budget surplus, since a sharp increase of expenditures is quite realistic", adds Hutchinson.

He believes Macedonia should efficiently integrate its economy with the EU as a whole, which would result in Union membership.

"On the short run, all business contacts with EU member-states, excluding Greece, will enhance development and help the upping of Macedonia's living standards at EU levels", underlines Hutchinson.

An investment banker with more than 25 years’ experience, Hutchinson has worked on both Wall Street and Fleet Street and is a leading expert on the international financial markets. In February 2000, as part of the Financial Services Volunteer Corps, Hutchinson became an advisor to the Macedonian Government. [/QUOTE]

Dimko-piperkata 10-10-2011 03:03 PM

[QUOTE][B]Denar Stable, Macedonia Watching Closely Economic Situation in Greece[/B]
Monday, 10 October 2011 [/SIZE][/I]

Macedonian denar is stable and the serious situation in Greece will not affect its exchange rate. The denar stability depends on healthy policies of Macedonian authorities, finance minister Zoran Stavreski says.

According to him, two scenarios are possible for Greece. It can either proclaim itself unable to settle its own debts and cause panicking on the capital market or it can declare a controlled bankruptcy. Both situations are not good.

All missions and reports of international financial institutions evaluate Macedonia as a country with the healthiest economic policies in the region.

As long as the overall economic solvency is under control through maintenance of a low budget deficit level and maintenance of predicted money supply, the stability of the banking sector is guaranteed, Stavreski says.

George S. 10-10-2011 03:13 PM

greece has only itself to blame.Also the citizens are to blame as well from this forum they are like zombies & yes people the govt cannot do no wrong we warned them that they are in stupor/They are pretending nothing is wrong.

Vangelovski 10-27-2011 09:38 PM

How ironic, it seems that the third world will be buying Europe out:

A GLOBAL credit crisis was averted yesterday when leaders agreed on a rescue package for Greece and the euro common currency that is likely to involve [B]China and other developing countries[/B] helping to prop up the European economy.


George S. 10-27-2011 10:36 PM

CT i totally disagree with you why would we want to change our name to join the eu how much is changing our name would be of a benefit.Macedonia is allready benefitting from not joining the eu or changing their name just to please greece.I would say we are benefiting more from not joinimng the eu imagine all the currency will change to eu dollars & all the prices will shoot up.What makes you think giving up ones soveregnity will be of a benefit.
The english allready are thinking of not joining the eu.If you want to respond to me first you have to respond to rtgs questions if you don't do that say your goodbyes.

Sputnik 10-28-2011 08:23 AM

Beware Euro propaganda
I find this below article interesting but not surprising or something new. I will spend most of my time here from now on concentrating on this thread in order to alert people to some alarming truths regarding the European Union. Its something i am really passionate about (i am anti EU by the way and you would have figured it out eventually). Hopefuly you will see "The Nazi Roots of the ‘Brussels EU’ " (which is a great book by the way) and then you can judge for your selves.

Published on Wednesday 12 October 2011 06:54

A DISPATCH district Euro-MP has spoken out against a plan which she says will lead to schoolchildren in Hucknall and Bulwell being ‘force-fed’ European Union (EU) ‘propaganda’.

Conservative Emma McClarkin says a report to the European Parliament could mean pupils having compulsory lessons in how to be good Europeans and receiving a biased version of the EU’s benefits to society.

The proposal has been put forward in a report by a French Euro-MP. Miss McClarkin says it would promote a “very one-sided, starry-eyed version of what the EU is and does”.


Sputnik 10-28-2011 08:25 AM

Here's a slightly longer report on the same article.

A UK Conservative MEP has hit out against commission plans which she fears will lead to schoolchildren being "force-fed pro-Brussels propaganda".

She claims the proposals, contained in a report to parliament, could lead to pupils having "compulsory lessons in how to be good Europeans and receiving a biased version of the EU's benefits to society".

The report, by French European People's Party MEP Jean-Marie Cavada, proposes wide-ranging changes to the network of European schools, the educational establishments across Europe set up primarily to educate the children of EU politicians, civil servants and other staff.

It calls for the development of "the European dimension in education" and argues that the European schools must foster European integration.

It also asks that the European schools be promoted in Britain and other member states to "encourage the emergence of European citizenship from a very young age".

The report even asks member states to include teaching about the EU in their national syllabuses.

Emma McClarkin, Conservative education spokesman in the parliament, said, "This looks like a licence to force-feed pupils a very one-sided, starry-eyed version of what the EU is and does for its people.

McClarkin added, "We fear it will be a carte blanche to push the federalist agenda that is so close to the hearts of the Eurocrats. When you are targeting youngsters and their education, that amounts to political interference.

"When you are talking about pushing propaganda at children, that is a little sinister.

"The setting of education policy should remain firmly within the hands of member states. This is just another example of the EU infringing member state subsidiarity.

"What children need to know about Europe is that there is a range of views on the EU. As well as supporters of the European project, there are many political parties across the continent which see it as costly, inefficient, bureaucratic and self-serving.

"It can bring benefits, but it also needs keeping in check. Somehow I doubt whether those aspects are in this report's grand plan."


Risto the Great 10-28-2011 01:37 PM

EU is necessary.
So are the other letters of the alphabet.
Can't say the same for that sovereignty robbing bucket'o'greed organisation in Brussels.

George S. 10-28-2011 02:25 PM

THe eu can't go on endlessly bailing out people becausethelike to spend other people's money.Sputnik i don't know if you know the english are having a think about whether they want in the eu.They probably think it's not worth it surrendering your soveregnity.

Sputnik 10-28-2011 06:00 PM

GEORGE, regarding the endlessly bailing out people, I know you meant Member nations not people, and they will keep on doing it at any cost. You might not realise how serious this issue about the EU really is, which gradually i will expose alarming information that people might not know.

Let me briefly speak about the UK. They played a critical role in both WW1 and WW2 in saving Europe. It seems they will come to Europes rescue again and free Europe (we can only hope so) from the subjugation under the Lisbon treaty and Brussles EU.

Faced with the possibility that the great human sacrifices of their countrymen were in vain who fought against coming under the yoke of enemies, that have tried to conquer and seize control of the UK and many parts of Europe twice before, their are signs (long live the likes of Nigel Farage and William Dartmouth ) the Brits are alert as to what EU really stands for and the dangers.

Let me now show you something that is very alarming which should concern Macedonians. Force-feeding pro-Brussels propaganda on how to be good Europeans to school children (in the name of integration) was designed for citizens of EU member states only. Or is it? There is only one non-EU member state, (that i know of), that has its children getting brain washed and can you guess which state?


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