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Meta is alarmed by the fall of the euro/ "Our savings have fallen"

2023-08-01 14:18:00, Politikë CNA

Meta is alarmed by the fall of the euro/ "Our savings have fallen"

The chairman of PL, Ilir Meta, raised the alarm this Tuesday about the fall of the euro and the overvaluation of the lek.

In a statement to the media, Meta said that Albanian families have lost their savings, as he claims that most of them are in the euro currency.

He said that Albanian producers and exporters have lost their profits, they are losing international markets and their businesses are going bankrupt.

" For a long time, the legitimate voice of the manufacturing and exporting business associations has fallen on deaf ears of the Government and all responsible institutions, including the Assembly.

Their rightful concern about the speculative and deliberate devaluation of the Euro is an alarm bell for our economy and for the development of the country.

The victims of this speculation are the majority of citizens and honest Albanian businesses, given the high level of "euroization" of the Albanian economy.

Hundreds of thousands of citizens are suffering the decline of purchasing power by about 15% for 1 year. Also, the savings of thousands of families - most of whom have them in the Euro currency - have devalued their wealth by about 15%.

Albanian producers and exporters have not only lost their profits, but are losing international markets and bankrupting their businesses. As a result, tens of thousands of employees have lost and are expected to lose their jobs.

What is intolerable to the point of criminality is the cynicism of the Government to present this issue as an adjustment of the labor market or calling to improve competition.

To the additional "tax" of the devaluation of the Euro is added the increased costs of at least 30% of the labor force. Under these conditions, the bankruptcy of businesses is inevitable" , he emphasized.

Meta underlined that the Government should in particular take immediate measures and the Bank of Albania should balance the monetary policy./ CNA.al





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