
“After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday. Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms. The move demolished investor confidence in the country, paralysed production, prompted international sanctions and scared off tourists. Zimbabwe’s government has warned it does not have enough money to fund a constitutional referendum and elections expected this year.”
http://www.businessinsider.com/zimbabwe-has-just-217-in-the-bank-2013-1
(Visited 55 times, 1 visits today)
Related posts:
Family Farmers Fight Michigan Township For Their Animals
Michigan Small-Town Mayor Accepts Bitcoins For Re-Election Campaign
Germany’s Green-Energy Disaster
The meteoric rise of passive investing: the “greatest bubble ever”?
Romanian Presidential Candidate Accepts Bitcoin Donations
The Most Qualified Fed Chair Since Arthur Burns
Airlines Are Giving Your Face to Homeland Security
Chinese Tourists with Pockets Full of Dollars
Making Heart Surgery Accessible to the Poor, by Embracing Mass Production
Saudi Arabia intercepts ballistic missile near capital Riyadh
Showdown With the IRS at the Not-OK Corral
What Was Bradley Manning’s Sin?
Uruguay House Barely Passes Marijuana Legalization Bill
Instead Of Bonds, Buy This…
Can Your Edward Jones Financial Advisor Really Serve Your Best Interests?