Reports
WORLD FINANCIAL CRISIS WILL NOT SPARE MOLDOVA, EITHER – SOCIAL DEMOCRATS
Chisinau. The Social Democratic Party is maintaining that the world financial crisis will yet deliver a blow on Moldova, though its first results can be felt already now, SDPM leader MP Dumitru Braghis [who headed the Government of Moldova for two years before the Communists] stated at a news conference in Infotag today.
“Dozens of Moldovan gastarbeiters a day are already returning home from foreign countries. So, the State must think hard what it will do when 50 thousand or so citizens will come back here, and what the Government should undertake to prevent the shrinking of imports: our citizens will be unable to consume as many goods as before the crisis, so imports will inevitably drop and, accordingly, the State Budget will be receiving fewer revenues”, said the former Prime Minister.
He presumes the crisis will reach its climax next spring, when Moldova will be in a parliamentary election period but will have no Government. He presumes the State should not put stake on the would-be country leadership but should begin acting now. He thinks the Government must work out programs that would save the republic, to a maximum-possible extent, from the economic and social blow the crisis may put on the republic.
Chairman of the Housing for All Association Ruslan Barladeanu, a Social Democrat, said that due to the crisis, housing prices may drop in Moldova.
“Presently, the housing construction market is in stagnation. This could be avoided had the State established a crediting agency to provide citizens with an access to long-term and cheap credits, and the building sector would thus continue to develop. The Social Democratic Party suggests setting up such agency that would provide credits for 30 years at interest rates of some 7% p.a., so that borrowers would be repaying 100-150 euros a month, which is affordable to many”, Barladeanu said.
The SDPM leadership stated they have specialists as well as ready programs for Moldova's withstanding the crisis and for its subsequent development and flourishing.
