When the Central Bank made the announcement that they have dropped plans to obtain further financial assistance from the IMF, there were many who refused to take matters at face value as there had been many discussions at the behest of the Treasury to obtain budget support from the IMF due to dire economic situation in the country which is not a secret any more. So, then it dawned on everybody that the proverbial fox is at play again with his sour grape theory.
One is also amused at the thought of IMF refusing further assistance when one recalls that some time ago one vociferous, influential Minister who jumped to the government side from the “revolutionary Marxist party, JVP” who advocated “unplugging” from the IMF and the World Bank if Sri Lanka is to prosper! This very same Minister, whose antecedents and educational qualifications are no secret, also advocated severing all relationships with the USA – including patronizing fast food outlets, Google search engines and emails etc. – although it is suspected that his family members are very fond of American fast food. Such is the stupid mentality of these politicians.
We have also had the humorous situation where when the EU withdrew GSP facility, our highly educated Rhodes Scholar, Foreign Minister Pieris announced to the country that he will take legal action against the EU – but nothing was heard thereafter. Most probably, because he felt that he had been taken for a ride by the less-educated socialist elements of the government. The end result, as we all are well aware, is the closure of many garment factories thus throwing thousands on to the streets. What a price to pay for stupid arrogance?
We have just heard that the government has decided to hand over the Norochcholai power plant to the Chinese company who lent us the money, due to the its inability to repay the loan. Sadly, this represents the shape of misfortunes which will hit the country in the not too distant future due to arrogance and mismanagement of the current set of rulers who seem to be blinded by a false sense of comfort blinded by unbridled power and a brand of fake patriotism.
Today, it may be sour grapes but tomorrow it would be a case of going Bananas.
One is also amused at the thought of IMF refusing further assistance when one recalls that some time ago one vociferous, influential Minister who jumped to the government side from the “revolutionary Marxist party, JVP” who advocated “unplugging” from the IMF and the World Bank if Sri Lanka is to prosper! This very same Minister, whose antecedents and educational qualifications are no secret, also advocated severing all relationships with the USA – including patronizing fast food outlets, Google search engines and emails etc. – although it is suspected that his family members are very fond of American fast food. Such is the stupid mentality of these politicians.
We have also had the humorous situation where when the EU withdrew GSP facility, our highly educated Rhodes Scholar, Foreign Minister Pieris announced to the country that he will take legal action against the EU – but nothing was heard thereafter. Most probably, because he felt that he had been taken for a ride by the less-educated socialist elements of the government. The end result, as we all are well aware, is the closure of many garment factories thus throwing thousands on to the streets. What a price to pay for stupid arrogance?
We have just heard that the government has decided to hand over the Norochcholai power plant to the Chinese company who lent us the money, due to the its inability to repay the loan. Sadly, this represents the shape of misfortunes which will hit the country in the not too distant future due to arrogance and mismanagement of the current set of rulers who seem to be blinded by a false sense of comfort blinded by unbridled power and a brand of fake patriotism.
Today, it may be sour grapes but tomorrow it would be a case of going Bananas.
No comments:
Post a Comment