Zardugal

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SPESMILO AND ECONOMY STABILISED: EC IS ABLE TO WORK CONSTRUCTIVELY AGAIN


Director Diarmaido during an open question and answer session on the nation's economic future


The financial support for private insolvent electricity consumers is scheduled to end in August of this year. Thanks to numerous optimisations of the network, a foreseeable completion of the first nuclear powerplant, improvements to production processes in the chemical industry and the additional purchase of electricity from Vanuku, prices have fallen to a level that makes this step possible. In view of the cancellation of this probably unprofitable public expenditure, the currency markets reacted with an immediate calming, so that the value of the Spesmilo will remain at LFR 10 for the foreseeable future.
Even though the Executive Committee plans to continue its financial policy, which critics have labelled as too lax, any new money generated in the foreseeable future will be channelled exclusively into infrastructure projects aimed at developing the inland economic area. In response to a concerned enquiry from foreign and domestic banks, Director Diarmaido assured them that a long-term expansion of the welfare state from ‘printed’ funds was not in the EC's interests. This was merely a ‘short-term intervention to prevent the accumulation of individual strokes of fate.’ According to the Director during his open question time.

According to unofficial reports from the Commissariat of Trade and Industry, the vaguely announced plans consist of expanding the civil infrastructure in the regions away from the coast. In particular, the aim is to increase coverage in the areas of health, childcare and education, as well as a core refurbishment of the intersecting railway lines in order to make the area a more attractive place to live. The latter is also intended to support and strengthen the movement of goods between the Zardic coasts.