Wednesday, October 8, 2008

Our enemy, panic

Many common peoples here in Tirana, are near panic. They read the news about International Financial Crisis and are very afraid about they savings. They are much more afraid that the rest of Europeans since they had lost one time only 11 years before, on 1997 financial collapse of Albania. Now many peoples are thinking seriously to withdraw their savings from banks. Head of Central Bank of Albania, Mr. Ardian Fullani, tried to calm peoples in an unexpected press conference yesterday. The fact that this was perhaps the first Press Conference of Mr. Fullani in last several years, is enough to say that there is a serious risk. Albania as the rest of Western Balkans are blessed by isolation, as reported this week. Unfortunately, it is not isolated from international news. In 2001 and in 2002, much smaller news had caused a widespread panic and thousand of Albanians have gone to withdraw their savings in banks.

1 comment:

Anonymous said...

The enemy of human being is the 'institutional irrationality'...Ylli Londer