11

Friday, 19.10.2007.

11:30

Albania public debt hits new high

Albania’s public debt has reached 54 percent of GDP in 2007.

Izvor: BIRN

Albania public debt hits new high IMAGE SOURCE
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11 Komentari

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GSP

pre 16 godina

To Ahmet -

We do care about the albanian debt due to the fact that you invaded our land.

To Vrnjak - Ahmet is Serbian due to the fact that he claims to reside in KosovO, unfortunately.

Robert Egnatia

pre 16 godina

Why am I addressing an Albanian "issue" in a Serbian website? I believe you to be aware of the specific reasons to that MLKG. Animosity toward Serbia? Why would I have animosity toward Serbia? Have Serbs presented me with a reason to establish this "animosity" toward them? And as for your claim to the comparable population sample, it is obvious that every econometric variable has to have a shared equlibrium or atleast understandable at its state. Albania and Serbia will be at War not as an outline of our differences but because we are puppets. Your claims are that religion, culture, different appearance are a barrier between Serbs and Albanians. Yes, but to a certain extent. We all want to control, europe, the world if possible but the question is to what cost. For what reason and to what consequence. We have always lost to each other because of neglect and because we can fight, in fear conditions, as well as the other can. But why should this be the case. Just because we can? Or is this because we simply are Catholic Orthodox versus a predominantly Muslim country. We Albanians have lived along side Christian Catholics, Orthodox and other religous denominations and proudly call ourselves Albanians. We have even exepted brotherhood from members of other religions. To what extent do Serbs accept to live side by side with Muslims? In the end we all go back to become part of the earth's flesh or maybe live to claim if only for a while. Oh well, since when does the truth mixes with politics.

Princip, UK

pre 16 godina

Ahmet,

I think many others have have made valid points that this is a Serbian website but my comment was not directed at Albania alone though it was the Albanian minister who talked about "golden rules".

FYI read my comments of equal sentiment regarding debt in Serbia and the whole focus on increasing debt as a "economic miracle" which is a false belief if ever there was regarding economic development.
http://www.b92.net/eng/news/comments.php?nav_id=44665

Eventually someone must pay for this increased debt and it is interesting that you are wholeheartedly behind debt and what goes with it notably Interest, usury or the islamic term riba which if I right is very much discouraged.

MLKG

pre 16 godina

Robert Egnatia, why are you talking about Serbia? This is a news-report about Albania. From a regional source, nothing to do with B92...
And when you do make the comparison, you see to use some unfounded, made up figures. Not to mention that ANY absolute figures should at least be compared to the population. Last time I checked, Albania had a population of about 3,6 million. Which means a lot less shoulders to carry the weight of the total debt.
But reading the rest of your comment, I guess it was more based on animosity towards Serbia than on any economic reality.

Robert Egnatia

pre 16 godina

To start with your claims are comletely inaccurate, the PSNBR is no where near the 54 per cent of GDP. This would have meant that inflation has increased 2 fold in the last 3 years and that the GDP growth is higher than 9 per cent which evidently is not the case. Further more this article implies that Albania is facing an economic crisis, however, comparing Albania's economy with yours I think Serbs should be the ones to panic. For this year alone yours is reaching $5 Billion in the third quarter. Inflation, inefficient management, government failure, stagnative marketisation, I could go on but I care fare to much for my neighbour to do so.

Milan

pre 16 godina

funny how ahmet comments on all serbian stories yet when someone comments about ridiculous policy in albania he is so defensive... i thought you were from kosovo not ALBANIA so why do you care then?

Lazar

pre 16 godina

Ahmet, this is a news site, so we care about things going on everywhere in the world. If you have a problem with that, and prefer us to be close minded people in dark caves, then that is too bad. Perhaps you could go to some other news site if this one is not good enough for you.

lids

pre 16 godina

Divide 3.6ml.albanians with the debt of 20bn. you`ll get banckrupt nation.The only way to get out of that is to ask KiM albanians to stop bying arms and paying lobyist and send the money to a mather land with horrible roads that needs money if they ever gonna atract any investors besides mafia goons.

vrnjak

pre 16 godina

Ahmet, don't you feel even the slightest bit of hypocrisy coming to a Serbian website that deals in Serbia's contempory issues and writing the following, "I don't understand why Serbs care what Albania does or does not. That is Albania's problem"? If you are a Serbian citizen or of Serbian decent, then I apologize. However, by your posts I assume that you are not.

Ahmet Isufi

pre 16 godina

I don't understand why Serbs care what Albania does or does not. That is Albania's problem. There is an old saying: "Clean the mess in your house first and than try to clean your neighbors mess".
By the way the NATO excercise is going well in Albania. Besides NATO countries taking part including Albania there is also Israel taking part as well. My friends Albania is on the move, and moving fast forward.

Princip, UK

pre 16 godina

“Theoretically Albania can increase the amount it borrows, if it secures investments. That’s the golden rule that every government follows,” said Sherefedin Shehu, the deputy Minister of Finance.

- sadly this is the underlying concept of the debt laden "western" society of getting what you want but not what you need. But what has happend to the perspective that one must have a balanced book when all one keeps on doing is borrowing more and more and extending the balance period?

When does one start paying this increased debt? Is this really a "golden rule" when the bank says it wants its money bank and there is saturation and peak of investment? Has no-one realised the lessons from Yugoslavia's debt laden experience and at times near hyper-inflation of the 80's - someone ends up paying the bill and if it's not todays generation it will be tomorrows generation who suffer.

Ahmet Isufi

pre 16 godina

I don't understand why Serbs care what Albania does or does not. That is Albania's problem. There is an old saying: "Clean the mess in your house first and than try to clean your neighbors mess".
By the way the NATO excercise is going well in Albania. Besides NATO countries taking part including Albania there is also Israel taking part as well. My friends Albania is on the move, and moving fast forward.

Milan

pre 16 godina

funny how ahmet comments on all serbian stories yet when someone comments about ridiculous policy in albania he is so defensive... i thought you were from kosovo not ALBANIA so why do you care then?

Princip, UK

pre 16 godina

“Theoretically Albania can increase the amount it borrows, if it secures investments. That’s the golden rule that every government follows,” said Sherefedin Shehu, the deputy Minister of Finance.

- sadly this is the underlying concept of the debt laden "western" society of getting what you want but not what you need. But what has happend to the perspective that one must have a balanced book when all one keeps on doing is borrowing more and more and extending the balance period?

When does one start paying this increased debt? Is this really a "golden rule" when the bank says it wants its money bank and there is saturation and peak of investment? Has no-one realised the lessons from Yugoslavia's debt laden experience and at times near hyper-inflation of the 80's - someone ends up paying the bill and if it's not todays generation it will be tomorrows generation who suffer.

vrnjak

pre 16 godina

Ahmet, don't you feel even the slightest bit of hypocrisy coming to a Serbian website that deals in Serbia's contempory issues and writing the following, "I don't understand why Serbs care what Albania does or does not. That is Albania's problem"? If you are a Serbian citizen or of Serbian decent, then I apologize. However, by your posts I assume that you are not.

Lazar

pre 16 godina

Ahmet, this is a news site, so we care about things going on everywhere in the world. If you have a problem with that, and prefer us to be close minded people in dark caves, then that is too bad. Perhaps you could go to some other news site if this one is not good enough for you.

lids

pre 16 godina

Divide 3.6ml.albanians with the debt of 20bn. you`ll get banckrupt nation.The only way to get out of that is to ask KiM albanians to stop bying arms and paying lobyist and send the money to a mather land with horrible roads that needs money if they ever gonna atract any investors besides mafia goons.

Robert Egnatia

pre 16 godina

To start with your claims are comletely inaccurate, the PSNBR is no where near the 54 per cent of GDP. This would have meant that inflation has increased 2 fold in the last 3 years and that the GDP growth is higher than 9 per cent which evidently is not the case. Further more this article implies that Albania is facing an economic crisis, however, comparing Albania's economy with yours I think Serbs should be the ones to panic. For this year alone yours is reaching $5 Billion in the third quarter. Inflation, inefficient management, government failure, stagnative marketisation, I could go on but I care fare to much for my neighbour to do so.

Robert Egnatia

pre 16 godina

Why am I addressing an Albanian "issue" in a Serbian website? I believe you to be aware of the specific reasons to that MLKG. Animosity toward Serbia? Why would I have animosity toward Serbia? Have Serbs presented me with a reason to establish this "animosity" toward them? And as for your claim to the comparable population sample, it is obvious that every econometric variable has to have a shared equlibrium or atleast understandable at its state. Albania and Serbia will be at War not as an outline of our differences but because we are puppets. Your claims are that religion, culture, different appearance are a barrier between Serbs and Albanians. Yes, but to a certain extent. We all want to control, europe, the world if possible but the question is to what cost. For what reason and to what consequence. We have always lost to each other because of neglect and because we can fight, in fear conditions, as well as the other can. But why should this be the case. Just because we can? Or is this because we simply are Catholic Orthodox versus a predominantly Muslim country. We Albanians have lived along side Christian Catholics, Orthodox and other religous denominations and proudly call ourselves Albanians. We have even exepted brotherhood from members of other religions. To what extent do Serbs accept to live side by side with Muslims? In the end we all go back to become part of the earth's flesh or maybe live to claim if only for a while. Oh well, since when does the truth mixes with politics.

MLKG

pre 16 godina

Robert Egnatia, why are you talking about Serbia? This is a news-report about Albania. From a regional source, nothing to do with B92...
And when you do make the comparison, you see to use some unfounded, made up figures. Not to mention that ANY absolute figures should at least be compared to the population. Last time I checked, Albania had a population of about 3,6 million. Which means a lot less shoulders to carry the weight of the total debt.
But reading the rest of your comment, I guess it was more based on animosity towards Serbia than on any economic reality.

Princip, UK

pre 16 godina

Ahmet,

I think many others have have made valid points that this is a Serbian website but my comment was not directed at Albania alone though it was the Albanian minister who talked about "golden rules".

FYI read my comments of equal sentiment regarding debt in Serbia and the whole focus on increasing debt as a "economic miracle" which is a false belief if ever there was regarding economic development.
http://www.b92.net/eng/news/comments.php?nav_id=44665

Eventually someone must pay for this increased debt and it is interesting that you are wholeheartedly behind debt and what goes with it notably Interest, usury or the islamic term riba which if I right is very much discouraged.

GSP

pre 16 godina

To Ahmet -

We do care about the albanian debt due to the fact that you invaded our land.

To Vrnjak - Ahmet is Serbian due to the fact that he claims to reside in KosovO, unfortunately.

Ahmet Isufi

pre 16 godina

I don't understand why Serbs care what Albania does or does not. That is Albania's problem. There is an old saying: "Clean the mess in your house first and than try to clean your neighbors mess".
By the way the NATO excercise is going well in Albania. Besides NATO countries taking part including Albania there is also Israel taking part as well. My friends Albania is on the move, and moving fast forward.

Princip, UK

pre 16 godina

“Theoretically Albania can increase the amount it borrows, if it secures investments. That’s the golden rule that every government follows,” said Sherefedin Shehu, the deputy Minister of Finance.

- sadly this is the underlying concept of the debt laden "western" society of getting what you want but not what you need. But what has happend to the perspective that one must have a balanced book when all one keeps on doing is borrowing more and more and extending the balance period?

When does one start paying this increased debt? Is this really a "golden rule" when the bank says it wants its money bank and there is saturation and peak of investment? Has no-one realised the lessons from Yugoslavia's debt laden experience and at times near hyper-inflation of the 80's - someone ends up paying the bill and if it's not todays generation it will be tomorrows generation who suffer.

vrnjak

pre 16 godina

Ahmet, don't you feel even the slightest bit of hypocrisy coming to a Serbian website that deals in Serbia's contempory issues and writing the following, "I don't understand why Serbs care what Albania does or does not. That is Albania's problem"? If you are a Serbian citizen or of Serbian decent, then I apologize. However, by your posts I assume that you are not.

lids

pre 16 godina

Divide 3.6ml.albanians with the debt of 20bn. you`ll get banckrupt nation.The only way to get out of that is to ask KiM albanians to stop bying arms and paying lobyist and send the money to a mather land with horrible roads that needs money if they ever gonna atract any investors besides mafia goons.

Lazar

pre 16 godina

Ahmet, this is a news site, so we care about things going on everywhere in the world. If you have a problem with that, and prefer us to be close minded people in dark caves, then that is too bad. Perhaps you could go to some other news site if this one is not good enough for you.

Milan

pre 16 godina

funny how ahmet comments on all serbian stories yet when someone comments about ridiculous policy in albania he is so defensive... i thought you were from kosovo not ALBANIA so why do you care then?

Robert Egnatia

pre 16 godina

To start with your claims are comletely inaccurate, the PSNBR is no where near the 54 per cent of GDP. This would have meant that inflation has increased 2 fold in the last 3 years and that the GDP growth is higher than 9 per cent which evidently is not the case. Further more this article implies that Albania is facing an economic crisis, however, comparing Albania's economy with yours I think Serbs should be the ones to panic. For this year alone yours is reaching $5 Billion in the third quarter. Inflation, inefficient management, government failure, stagnative marketisation, I could go on but I care fare to much for my neighbour to do so.

MLKG

pre 16 godina

Robert Egnatia, why are you talking about Serbia? This is a news-report about Albania. From a regional source, nothing to do with B92...
And when you do make the comparison, you see to use some unfounded, made up figures. Not to mention that ANY absolute figures should at least be compared to the population. Last time I checked, Albania had a population of about 3,6 million. Which means a lot less shoulders to carry the weight of the total debt.
But reading the rest of your comment, I guess it was more based on animosity towards Serbia than on any economic reality.

Princip, UK

pre 16 godina

Ahmet,

I think many others have have made valid points that this is a Serbian website but my comment was not directed at Albania alone though it was the Albanian minister who talked about "golden rules".

FYI read my comments of equal sentiment regarding debt in Serbia and the whole focus on increasing debt as a "economic miracle" which is a false belief if ever there was regarding economic development.
http://www.b92.net/eng/news/comments.php?nav_id=44665

Eventually someone must pay for this increased debt and it is interesting that you are wholeheartedly behind debt and what goes with it notably Interest, usury or the islamic term riba which if I right is very much discouraged.

Robert Egnatia

pre 16 godina

Why am I addressing an Albanian "issue" in a Serbian website? I believe you to be aware of the specific reasons to that MLKG. Animosity toward Serbia? Why would I have animosity toward Serbia? Have Serbs presented me with a reason to establish this "animosity" toward them? And as for your claim to the comparable population sample, it is obvious that every econometric variable has to have a shared equlibrium or atleast understandable at its state. Albania and Serbia will be at War not as an outline of our differences but because we are puppets. Your claims are that religion, culture, different appearance are a barrier between Serbs and Albanians. Yes, but to a certain extent. We all want to control, europe, the world if possible but the question is to what cost. For what reason and to what consequence. We have always lost to each other because of neglect and because we can fight, in fear conditions, as well as the other can. But why should this be the case. Just because we can? Or is this because we simply are Catholic Orthodox versus a predominantly Muslim country. We Albanians have lived along side Christian Catholics, Orthodox and other religous denominations and proudly call ourselves Albanians. We have even exepted brotherhood from members of other religions. To what extent do Serbs accept to live side by side with Muslims? In the end we all go back to become part of the earth's flesh or maybe live to claim if only for a while. Oh well, since when does the truth mixes with politics.

GSP

pre 16 godina

To Ahmet -

We do care about the albanian debt due to the fact that you invaded our land.

To Vrnjak - Ahmet is Serbian due to the fact that he claims to reside in KosovO, unfortunately.