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Tabaku lists the economic consequences after the electoral process: How the sudden fall of the euro is affecting
Democratic Party MP Jorida Tabaku has listed the economic consequences affecting several sectors immediately after the election process.
On social media, Tabaku says that a phenomenon is observed that repeats itself after every election in the country: the immediate fall of the euro in the market.
"This decline is not accompanied by growth in any specific economic sector, nor by any new investment or development that would explain a foreign exchange inflow. In fact, the consequences of this situation are being strongly felt in several key sectors of the economy. The fashion sector is experiencing a serious crisis ," says Tabaku,
"Immediately after the end of the electoral process, a phenomenon is observed that is repeated after every election in the country: the immediate fall of the euro in the market. This indicates a large amount of euro money that is put into circulation during the campaign, for which there is no economic justification."
This decline is not accompanied by growth in any specific economic sector, nor by any new investment or development that would explain an inflow of foreign exchange. In fact, the consequences of this situation are being felt strongly in several key sectors of the economy.
The fashion sector is experiencing a serious crisis. In the last three years, it has almost come to a standstill. Just like agriculture, which suffers from a lack of support and investment. Meanwhile, Albanian families living on income from emigration are increasingly feeling the negative effects of the devaluation of the euro.
In this situation, immediate intervention by the government is required to help these three sectors vital to the national economy. Otherwise, the consequences may be irreparable and turn into an economic and social boomerang.
The decline of the euro does not stem from any normal economic mechanism or logic, but is directly related to phenomena such as money laundering and the lack of control over monetary flows in campaigns.
"Therefore, the Albanian economy needs clear answers and concrete measures. The Albanian family needs supportive policies, while the fashion business needs a rescue package so that it can survive this cycle of crises, which has severely affected the sector year after year, forcing many companies to lay off employees," says Tabaku.
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