IS TIGRAN SARGSIAN UNSERIOUS?
Support A1+!“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?”
