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Politike

Meta: Depreciation of the Euro, deliberate, destruction of fashion business and loss of jobs, responsibility of the government

Meta: Depreciation of the Euro, deliberate, destruction of fashion business and

The head of the Freedom Party, Ilir Meta, made a reaction on social networks yesterday regarding the devaluation of the Euro and the consequences it has on the Albanian economy and on business. According to Meta, the drop in the export of "Made in Albania" shoes by 30% compared to last year is worrying. "The intentional devaluation of the Euro has turned into a dangerous gangrene for the Albanian economy and especially for exports and fashion business. The latest data from these sectors continues to be alarming. Only for a period of one year from January 2023 to January 2024, in Albania, exports of textiles and shoes fell by 18.5%. More dramatic is the drop of "Made in Albania" shoes by 30%, compared to a year ago, while textile exports fell by 7.8%. Only for a one-month period, January 2024-February 2024, 3,000 jobs were reported lost in the fashion business," he said. Meta blames the government for insufficient funds to businesses, and he calls such guarantees as propaganda frauds. According to Meta, the devaluation of the Euro is intentional on the part of the government and is causing serious economic and social consequences. "Only 4 billion lek is the aid of the Rilindash government through the State Guarantee for the fashion business, but this amount is totally insufficient, because the data confirm that only because of the devaluation of the Euro, in one year, the financial losses in this sector are 110 million Euros. This Guarantee is just a deceptive propaganda maneuver, just like the Guarantees during the pandemic that resulted in failures and scams. The deliberate devaluation of the Euro by the government is causing serious economic and social consequences. As the IMF noted in its latest report, this depreciation is not fully explained by economic fundamentals. The official data on the exchange volume of the Euro into the Lek are even more shocking," he said.

 

 

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