Mereja.Forum

[Dama]

https://addisstandard.com/?p=29581

[Dama]

No economists? Perhaps fled persecution
Shortage of food and farmers. 10% of farmers forced to serve in Sawa in perpetuity.

[Dama]

No economists? Perhaps fled persecution
Shortage of food and farmers. 10% of farmers forced to serve in Sawa in perpetuity.

If all Eritrea earns was to be paid to service debt, It would have only paid 1/2 of the minimum annual payment required. It has to borrow to pay the remaining half minimum. On top of that it has to borrow to run the state: education, health, defence, transport, water/electricity, agriculture, etc.
It fails to pay its minum, Eritrea will be considered "defaulted", means it can't borrow any more.

An example of a thoroughly failed state.

In contrast Ethiopia's foreign debt is 39% of its GDP. It means it can pay its minimum and still will have kept 61% of its GDP.

[Deqi-Arawit]

No economists? Perhaps fled persecution
Shortage of food and farmers. 10% of farmers forced to serve in Sawa in perpetuity.

If all Eritrea earns was to be paid to service debt, It would have only paid 1/2 of the minimum annual payment required. It has to borrow to pay the remaining half minimum. On top of that it has to borrow to run the state: education, health, defence, transport, water/electricity, agriculture, etc.
It fails to pay its minum, Eritrea will be considered "defaulted", means it can't borrow any more.

An example of a thoroughly failed state.

In contrast Ethiopia's foreign debt is 39% of its GDP. It means it can pay its minimum and still will have kept 61% of its GDP.

Aye Agame!
Southerners shouldn't even talk about economy, because their low IQ is incapable of understanding basic mathematics let alone complex statistics. Here are some basic economic factors on which your tiny brain is unable to absorb.

Eritrea doesn't owe the world bank or the IMF a penny hence western government inability to exert pressure. Unlike the Low IQ Ethiopia which took loans from China, the world bank and IMF, Eritrea is free from this kind of loans hence it has free hand to implement any monetary and fiscal policy according to its desire....While Ethiopia is basically the [deleted] of China, western financial institutions and it is only a matter of time, they demand you to sell the remaining lucrative state enterprise.

[Agazi General]

Its Ethiopia fault!
And pps fault!
And uh, uh, ze west's fault!
It could never evaaaa b king Isayas trying to bring down ze same kountry zat he brought up since zey kall him agame behind his back!!!