There is no doubt the government will have to borrow to finance the salaries and this is destructive economically.
More Quotes from Eric Bloch:
I have been speaking to both locals and foreigners at the fair and they believe that although there is a lot wrong with the economy at the moment, change will come eventually and they want to have a presence in Zimbabwe when it does.Eric Bloch
There has never really been any threat of expulsion, just the hype in some international circles to try and frighten us. The motion would require 85 percent of the total votes.
Eric Bloch
The foreign currency gap appears to have narrowed, but it is because of the time of the month. Nobody is importing right now and there has been a drop in demand for foreign currency but it will pick up as industry opens for business.
Eric Bloch
There are going to be major demands for wage increases and thus causing further inflation.
Eric Bloch
What is disturbing the industry and other businesses is that the power goes at anytime of the day and this does not enable the industry to plan. Production is affected.
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If you start to find that kind of luxury as a normal thing, you don't belong in the real world.
Ruud van Nistelrooy
Men would live exceedingly quiet if these two words, mine and thine, were taken away.
Anaxagoras