
Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts
Kazakhstan ends bank bailouts, writes off people's debts instead
Russia TruthJune 27, 2019Asia, Bloomberg, Economics, Jon Hellevig, Kassym-Jomart Tokayev, Kazakhstan
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Jon Hellevig: "Instead of bailing out banks and oligarchs, Kazakhstan will write off
loans of the poor. This has been announced by new Kazakh president
Kassym-Jomart Tokayev. There’s an unexpected corner of the world from
where sound and fair financial policies emanate!
Doing this
President Tokayev is actually reviving...