Sunday, May 3, 2009

Zimbabwe has seen enough loss as it is...

Zimbabwe's Prime Minister, Morgan Tsvangirai, has recently stated that no state worker is earning more than $100 a month. The Prime Minister who lost his wife and grandchild in the past two months has been through a lot of rough times. Mr Tsvangirai said "the union demands must be realistic and take into account the government's financial situation and the underperformance of Zimbabwean industry" according to a BBC article. Zimbabwe has asked for billions of dollars to help rebuild its economy, but Western countries have demanded broad reforms before restoring aid. Poorer countries are seeing very very tough times, as are rich countries. What wealthier countries are seeing are losses in profits and GDP as poorer countries are seeing losses in money overall and struggle much more than world leaders. Unions in Zimbabwe are asking for $450 and are threatening to strike if their demands are not met. The Prime Minister is urging unions to give his new government time. The process of restoring economy propserity across the country will take many months, even longer for those countries in very extreme bankruptcy positions. In order for them to succeed, larger wealthier nations must take care of their own problems. This way they can help out later.

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