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Euro at its lowest point, Tabaku: Who benefits from this situation?

Politiko 2024-08-13 14:10:59

Euro at its lowest point, Tabaku: Who benefits from this situation?

PD MP Jorida Tabaku writes through a FB status that the Albanian today is poorer even in relation to the region, since with the salaries he receives, he can buy very few things, with the prices being high.

Tabaku emphasizes that "the import monopolies benefit from the situation, those of large wholesalers, informal dirty money and a sector that is increasingly entering the red risk zone; construction".

"Yesterday, the Euro reached its lowest point against our local currency. The exchange rate showed that 1 euro was exchanged for less than 100 allek.

Does the strengthening of the Albanian currency in relation to the Euro mean that our families are richer? That a middle-class Albanian buys more in the weekend bazaar? That an Albanian who works all day has more income? That a farmer who gets up in the morning and works the land until the sun goes down will get more for his product?

The answers to these questions are most likely, NO!

A stronger lek currency does not come as a result of an economy that is growing in its sectors. According to all economic indicators reported by INSTAT, the economy is growing only from construction. Who sponsors the construction? Salaries of Albanians?!

A strong local currency does not mean a richer Albanian, but an Albanian more dependent on imports. A stronger local currency means higher import costs, which increase even more when the Competition Authority does not do its job because monopolies rule the market.

A stronger local currency does not bode well for the middle class or the day-to-day worker. EUROSTAT figures comparing the purchasing power of Albanians in relation to the region show that we are poorer and have the highest prices.

A stronger local currency is not more income for the farmer; left in oblivion without a real reform, with primitive means in service, with a lack of subsidies, mistreated fiscally and with a monopolized market, it cannot send the product of our land to the table of our families or tourists.

So who benefits from the euro devaluation? Import monopolies, those of big wholesalers, of dirty informal money and of a sector that every day is more and more entering the red risk zone; construction.

So, those permanent suspects benefit who want this economic quagmire and corrupt system to remain eternally on the backs of every honest working Albanian, of the middle class and farmers. That's why they don't want circulation, preferring stagnation", writes Tabaku.

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