Vardan Ayvazyan tries to dispel Levon Ter-Petrosyan’s alarm (video)
The external debt of the USA exceeds its gross domestic product for three times, but there are no signs of default,” Republican Vardan Ayvazyan is trying to dispel Levon Ter-Petrosyan’s alarm, “There hasn’t been any case during our history that we weren’t able to pay off our external debt, but the burden of payment is, of course, high.” Vardan Ayvazyan thinks that Levon Ter-Petrosyan’s statement is political. But he won’t touch upon its political side. But the alarm of the first president on default is disturbing, “It can simply to some extent deter future investors. But one should have fundamental reasons to announce about default before the arrival of the CSTO.” Our budget deficit in the budget of 2017 will make up AMD 150 billion. Vardan Ayvazyan isn’t concerned about that number, “One can feel that it doesn’t smell of default.” “The signs of default are obvious”, says Armenian National Congress (HAK) faction Head Levon Zurabyan in connection with first president Levon Ter-Petrosyan’s statement, “Whoever analyzes, they know, that money isn’t collected in the budget, they know that 10 percent of the budget is directed to the debt, soon that number will exceed 30 percent.” Levon Zurabyan reminds that Armenia’s state debt has reached USD 6 billion in case when our gross domestic product makes up USD 10 billion. That debt continues to grow, “There is no precondition, which will turn over that dynamics, and it means that we have the classic financial pyramid, when the debt continues to be collected and one day the pyramid collapses.” Journalists reminded Levon Zurabyan that Levon Ter-Petrosyan’s alarm on the default coincided with the formation of new government, on which, it seems, the society pins hopes. “That’s the very matter,” says Levon Zurabyan, “When they start arousing hopes, not changing the grounds of that defective political-economic system, such hopes themselves are dangerous.” Those hopes will soon explode, if the system doesn’t change.
