Tuesday, Nov 13, 2018

Hasty decision

Hasty decision
18 Oct
2018

Opposition senator Crystal Drakes believes the only reason people signed off on government's debt exchange programme, was because many felt they had no other choice.

She was speaking during debate in the Upper House Wednesday.

Senator Drakes also suggests government's decision to default on all external and domestic debt, was made in haste.

She says it could have been handled differently, especially since seventy per cent of it was held by the NIS, the Central Bank and local commercial banks.