"It hurts, but do what we did.", Africans tell Europeans


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"It is not easy, it is painful, and we went through the pain, and the Europeans must be prepared to go through the pain," African Development Bank President Donald Kaberuka told Reuters in an interview.

He said the reforms needed in the ailing southern European states involved the kind of overhauls of public finances and labor markets and other structural reforms that African nations -- with firm urging from the IMF and World Bank

"But are we more risky than some of these peripheral countries in Europe, which have 150 percent of GDP in debt, 30 percent fiscal deficit?" Kaberuka asked.
"An average African country would now be growing at about six percent, we'd be having a fiscal deficit of no more than 3 percent, debt no more than 15 percent of GDP," he said.

His biggest worry was not what was happening in Africa, but what was not happening in the developed world, "the inability or unwillingness of the rich countries to take the decisions needed to return the global economy to growth momentum".

Zaidi jisomee hapa.
It hurts but do what we did, Africans tell Europeans | Top News | Reuters

Hawa jamaa inawapasa wameze chloroquin na quinine kama walivyokuwa wanajifanya waganga kwa magonjwa ya chumi za/uchumi wa nchi changa.
Wao ni bail-outs tu...fedha zinakwenda kwa wenye fedha zaidi na kuwaacha raia wao wakiishi na "domokrasia"
 
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Hii ya June..lakini ngoma imeanza tena huko Greece

 
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"It is not easy, it is painful, and we went through the pain, and the Europeans must be prepared to go through the pain," African Development Bank President Donald Kaberuka told Reuters in an interview.

He said the reforms needed in the ailing southern European states involved the kind of overhauls of public finances and labor markets and other structural reforms that African nations -- with firm urging from the IMF and World Bank

"But are we more risky than some of these peripheral countries in Europe, which have 150 percent of GDP in debt, 30 percent fiscal deficit?" Kaberuka asked.
"An average African country would now be growing at about six percent, we'd be having a fiscal deficit of no more than 3 percent, debt no more than 15 percent of GDP," he said.

His biggest worry was not what was happening in Africa, but what was not happening in the developed world, "the inability or unwillingness of the rich countries to take the decisions needed to return the global economy to growth momentum".

Zaidi jisomee hapa.
It hurts but do what we did, Africans tell Europeans | Top News | Reuters

Hawa jamaa inawapasa wameze chloroquin na quinine kama walivyokuwa wanajifanya waganga kwa magonjwa ya chumi za/uchumi wa nchi changa.
Wao ni bail-outs tu...fedha zinakwenda kwa wenye fedha zaidi na kuwaacha raia wao wakiishi na "domokrasia"
Na bado watu kama JK hawajaona upuuzi katika sera za WB na IMF. Bado wanaimba nyimbo zile zile: private sector ndiyo engine ya maendeleo; serikali imejitoa katika shughuli za kiuchumi; kuchangia gharama katika elimu na afya; soko huria bila kujali viwanda vya ndani, n.k. Tuna maumivu makali mbele ya safari kama hatuanzi sasa hivi kujiwekea mikakati ya kubuni mbinu zetu wenyewe za kiuchumi na kuachana na WB, IMF na the so-called Development Partners (exploiters).
 
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Na bado watu kama JK hawajaona upuuzi katika sera za WB na IMF. Bado wanaimba nyimbo zile zile: private sector ndiyo engine ya maendeleo; serikali imejitoa katika shughuli za kiuchumi; kuchangia gharama katika elimu na afya; soko huria bila kujali viwanda vya ndani, n.k. Tuna maumivu makali mbele ya safari kama hatuanzi sasa hivi kujiwekea mikakati ya kubuni mbinu zetu wenyewe za kiuchumi na kuachana na WB, IMF na the so-called Development Partners (exploiters).
 
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[h=1]EU leaders meet on debt crisis, hope for Wednesday deal[/h]"Between now and Wednesday a solution must be found, a structural solution, an ambitious solution, a definitive solution," Sarkozy said. "There's no other choice."

EU leaders meet on debt crisis, hope for Wednesday deal | Reuters

Hawa jamaa wataongeza kasi za machafuko Afrika ili kuficha uozo wao.
 
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Time is fast running out for European Union leaders to close the gaping wound that is the euro-zone debt crisis and any failure to strike a comprehensive deal this week would sap more strength from the global economy.

Europe overshadows the outlook | Reuters
 
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Africa inakua 6 percent wakati europe Sasa ipo o.5 % Huku greece ikinyauka -6%. Hali mbaya europe na itazidi kuwa mbaya.Tanzania Sasa tunapaswa kufufua utengenezaji wa vitu vyetu wenyewe.
 
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'Sarkozy raps UK meddling in eurozone'

French President Nicolas Sarkozy has reportedly lashed out at British Prime Minister David Cameron, telling him to stop interfering in matters concerning the eurozone.

"We're sick of you criticizing us and telling us what to do. You say you hate the euro, you didn't want to join and now you want to interfere in our meetings," the Telegraph quoted the French president as telling Cameron during a meeting of EU heads of state in Brussels on Sunday.

According to the report, Sarkozy also tried hard to bar the British premier from participating in an upcoming EU summit on the European debt crisis on Wednesday.

PressTV - 'Sarkozy raps UK meddling in eurozone'
 
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The whole "neo-liberalism" system is fake and not sustainable. ni juzi juzi tu hapa nilikua naongea na rafiki yangu kuhusu haya mambo. Haiwezekani watu wazima waseme "more is better". How much more? na mtatoa wapi hela za kusustain hiyo growth kama sio kwa wizi na utapeli kwa nchi za so called 'developing countires'?
Hata hao wa AfDB wanasema tu, nani kawaambia Gdp ndio sustainability? tutaongeza 6% kwenda wapi? maana hiyo 6% inaweza kua 2% of the population that makes 1200% of growth (kama nimekosea hesabu sio hoja)... do rural people also grow by 6%? do housewives and children also benefit from the 6%? tuwaulize wachina.
Ulaya they grew by 6% for decades, kumbe hela za kukopa, sasa wanashindwa kulipa... Grece, Portugal, USA, who's next?
 

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