![\"Rudina](\"http:\/\/www.shkoder.net\/images\/fjala\/rudina_seseri.jpg\")
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Rudina Seseri<\/strong>, 15.06.2010<\/em><\/p>\n Ideja e hedhjes n\u00eb burs\u00eb t\u00eb eurobondeve t\u00eb qeveris\u00eb shqiptare u trumbetua nga qeveria si nj\u00eb ngjarje historike p\u00ebr Shqip\u00ebrin\u00eb, pas shmangies me shum\u00eb sukses t\u00eb kriz\u00ebs ekonomike, me nj\u00eb taktike q\u00eb i la goj\u00ebhapur vendet e paditura per\u00ebndimore.<\/p>\n Eurobondet tona do t\u00eb listoheshin n\u00eb burs\u00ebn e Londr\u00ebs si nj\u00eb shuplak\u00eb p\u00ebr opozit\u00ebn, p\u00ebr FMN-n\u00eb dhe p\u00ebr Bank\u00ebn Bot\u00ebrore. Kjo fushat\u00eb mburrjeje u p\u00ebrgatit nga kori i vuvuzelave shqiptare, q\u00eb paguhen me parat\u00eb e taksapaguesve, i p\u00ebrb\u00ebr\u00eb nga n\u00ebpun\u00ebs e qeveritar\u00eb t\u00eb t\u00eb gjitha niveleve q\u00eb manipulojn\u00eb shifrat, i kryesuar nga INSTAT dhe i pakontestuar servilisht nga Banka e Shqip\u00ebris\u00eb.<\/p>\n Korit iu bashkuan edhe disa “ekspert\u00eb” nd\u00ebrkomb\u00ebtar\u00eb, q\u00eb nj\u00eblloj si grupet marksiste t\u00eb dikurshme, paguhen nga buxheti i shtetit me disa vendime skandaloze qeveritare q\u00eb mbeten ende t\u00eb pahetuara.<\/p>\n E kapur n\u00eb ng\u00ebr\u00e7in e rritjes s\u00eb deficitit buxhetor, t\u00eb nj\u00eb perspektive gjithnj\u00eb e m\u00eb t\u00eb zymt\u00eb mbi t\u00eb ardhurat tatimore dhe t\u00eb thellimit t\u00eb recesionit (t\u00eb papranuar) ekonomik, t\u00eb denoncuar n\u00eb vazhdim\u00ebsi nga ekspert\u00ebt e opozit\u00ebs, qeveria angazhoi dy banka prestigjioze p\u00ebr ta ndihmuar t\u00eb ngrej\u00eb 400 milion\u00eb euro.<\/p>\n Struktura financiare do t\u00eb ishin eurobondet, t\u00eb cilat dallohen nga kredit\u00eb tipike, sepse listohen n\u00eb burs\u00eb dhe jan\u00eb likuide, q\u00eb do t\u00eb thot\u00eb se investitor\u00ebt mund t’i shesin, pra t\u00eb marrin mbrapsht parat\u00eb e tyre, kur t\u00eb d\u00ebshirojn\u00eb pasi eurobondet shiten e blihen \u00e7do dit\u00eb n\u00eb burs\u00eb.<\/p>\n Tentativa e par\u00eb p\u00ebr t\u00eb gjetur investitor\u00ebt fillestar\u00eb u b\u00eb vjesht\u00ebn q\u00eb shkoi, por u la thuajse menj\u00ebher\u00eb, pasi n\u00eb mes t\u00eb kriz\u00ebs bot\u00ebrore, oreksi i bursave p\u00ebr t\u00eb absorbuar listime t\u00eb reja nuk ekzistonte.<\/p>\n Tentativa e dyt\u00eb, k\u00ebt\u00eb radh\u00eb serioze, rinisi n\u00eb fillim t\u00eb vitit dhe qeveria kishte shpres\u00eb se do t\u00eb mund ta siguronte \u00e7ekun 400 milion\u00ebsh, pasi tregjet nd\u00ebrkomb\u00ebtare t\u00eb kapitalit ishin zhbllokuar disi.<\/p>\n Vuvuzelat kishin filluar nga puna p\u00ebr t\u00eb mbuluar presionin e p\u00ebrkeq\u00ebsimit t\u00eb ekonomis\u00eb, munges\u00ebn e t\u00eb ardhurave dhe kriz\u00ebn e thell\u00eb politike. Kjo u shoq\u00ebrua me nj\u00eb “arritje”, pasi dy kompanit\u00eb nd\u00ebrkomb\u00ebtare t\u00eb vler\u00ebsimit t\u00eb rrezikut kreditor, Moody’s dhe Standard & Poor’s, dhan\u00eb vler\u00ebsime shum\u00eb m\u00eb t\u00eb larta nga \u00e7’meritonim realisht.<\/p>\n Sigurisht, u kuptua shpejt se qeveria i kishte ofruar k\u00ebtyre kompanive t\u00eb dh\u00ebna t\u00ebr\u00ebsisht false mbi gjendjen ekonomike.<\/p>\n Madje, n\u00eb nj\u00eb shkrim t\u00eb botuar posa\u00e7\u00ebrisht p\u00ebr k\u00ebt\u00eb tem\u00eb, jam shprehur se n\u00eb qoft\u00eb se vler\u00ebsimet e k\u00ebtyre dy kompanive p\u00ebr rrezikun e Shqip\u00ebris\u00eb si huamarr\u00ebse do t\u00eb ishin t\u00eb sakta, Shqip\u00ebria do t\u00eb kishte mund\u00ebsin\u00eb t\u00eb merrte kredi me interesa t\u00eb tipit 7% apo 8%, duke dh\u00ebn\u00eb mendimin se kjo ishte t\u00ebr\u00ebsisht e pamundur.<\/p>\n Por qeveritar\u00ebt kishte besim t\u00eb patundur tek strategjia e tyre. Ata arrit\u00ebn “t’ia hidhnin” kompanive t\u00eb vler\u00ebsimit, pse t\u00eb mos ia hidhnin edhe investitor\u00ebve t\u00eb huaj?! K\u00ebshtu, krenar\u00eb dhe mosp\u00ebrfill\u00ebs, qeveritaret e lart\u00eb shqiptare mor\u00ebn rrug\u00ebn p\u00ebr n\u00eb Lond\u00ebr p\u00ebr t’i bindur huadh\u00ebn\u00ebsit potenciale t’iu japin para.<\/p>\n Normalisht, k\u00ebt\u00eb proces e drejton z\u00ebvend\u00ebsministri ose e shumta ministri i Financave, por n\u00eb rastin konkret korin e dirigjoi vet\u00eb kryeministri, i cili mori rrug\u00ebn p\u00ebr n\u00eb Lond\u00ebr p\u00ebr t’u dh\u00ebn\u00eb t\u00eb gjith\u00ebve m\u00ebsimin e radh\u00ebs, k\u00ebt\u00eb radh\u00eb n\u00eb fush\u00ebn e marketimit t\u00eb eurobondeve, pa ditur as m\u00ebsimin e par\u00eb q\u00eb huadh\u00ebn\u00ebsit e kan\u00eb t\u00eb qart\u00eb se \u00abmallin e mir\u00eb e shet djali dhe t\u00eb keqin, vet\u00eb babai\u00bb.<\/p>\n N\u00eb k\u00ebto takime, u trumbetuan arritjet e lavdishme ekonomike t\u00eb Shqip\u00ebris\u00eb t\u00eb tipit fanar ndri\u00e7ues p\u00ebr gjith\u00eb bot\u00ebn, siguria e pakrahasueshme e eurobondeve shqiptare n\u00eb krahasim me ato greke dhe m\u00eb gjer\u00eb, aq sa k\u00ebtu, nd\u00ebrkoh\u00eb q\u00eb opozita protestonte dhe ishte n\u00eb grev\u00eb urie, po ngrihej euforia se n\u00eb Lond\u00ebr huadh\u00ebn\u00ebsit po grindeshin n\u00eb radh\u00eb kush e kush te blinte i pari.<\/p>\n Por investitor\u00ebt qartazi nuk po e hanin sapunin p\u00ebr djath\u00eb, duke k\u00ebrkuar q\u00eb eurobondet e Shqip\u00ebris\u00eb t\u00eb kishin nj\u00eb interes shum\u00eb m\u00eb t\u00eb lart\u00eb; nj\u00eb interes q\u00eb reflektonte rrezikun aktual t\u00eb Shqip\u00ebris\u00eb.<\/p>\n Dhe kur qeveritar\u00ebt u kund\u00ebrp\u00ebrgjigjen me k\u00ebng\u00ebn e vler\u00ebsimeve pozitive t\u00eb Moody’s apo Standard & Poor’s, bankieret ju kujtuan mbrapsht q\u00eb vler\u00ebsuesi m\u00eb i sakt\u00eb \u00ebsht\u00eb tregu. At\u00ebher\u00eb, ati i qeveris\u00eb luajti asin n\u00ebn m\u00ebng\u00eb, apo kart\u00ebn e fundit n\u00eb d\u00ebm t\u00eb popullit t\u00eb vet: duke vendosur rritjen e interesit nga 7.5% ne 8.5%.<\/p>\n N\u00ebn trysnin\u00eb e nevoj\u00ebs p\u00ebr \u00e7ekun 400 milion\u00ebsh dhe duke shpresuar se greva e uris\u00eb e kishte \u00e7’orientuar v\u00ebmendjen e opozit\u00ebs, qeveritar\u00ebt vepruan me efikasitet t\u00eb paprecedent\u00eb p\u00ebr t\u00eb ndryshuar ligjin e hedhjes n\u00eb treg t\u00eb eurobondeve.<\/p>\n Me shpejt\u00ebsi t\u00eb papar\u00eb, Presidenti e miratoi ligjin e partis\u00eb s\u00eb tij, duke i dh\u00ebn\u00eb Ministris\u00eb s\u00eb Financave t\u00eb drejt\u00ebn ta rris\u00eb interesin deri n\u00eb 8.5% q\u00eb do t\u00eb thot\u00eb t’i rr\u00ebmbej\u00eb popullit t\u00eb varf\u00ebr edhe disa milion\u00eb euro t\u00eb tjera.<\/p>\n Por as kjo nuk mjaftoi. Interesi duhet t\u00eb ishte t\u00eb pakt\u00ebn dy shifror\u00eb p\u00ebr t’i t\u00ebrhequr investitor\u00ebt e huaj, nj\u00eb vler\u00eb t\u00eb cil\u00ebn as vuvuzelat e zhurmshme, vendase e t\u00eb huaja, nuk do t\u00eb mund ta fshihnin apo zbukuronin dot. P\u00ebr m\u00eb tep\u00ebr, edhe dritarja e bursave filloi t\u00eb mbyllej s\u00ebrish dhe qeveria shqiptare e humbi shansin e saj p\u00ebr t\u00eb ngritur fondet. Ati i qeveris\u00eb u rikthye n\u00eb Tiran\u00eb i shoq\u00ebruar nga nj\u00eb humbje spektakolare.<\/p>\n S’kishte si t\u00eb ndodhte ndryshe. Edhe ekonomistet e financier\u00ebt m\u00eb t\u00eb paaft\u00eb e kuptojn\u00eb q\u00eb borxhi publik shqiptar \u00ebsht\u00eb mjaft i lart\u00eb, struktura ekonomike shqiptare \u00ebsht\u00eb shtrydhur deri n\u00eb limitet e saj, reforma t\u00eb mir\u00ebfillta ekonomike nuk ekzistojn\u00eb, mungesa e transparenc\u00ebs \u00ebsht\u00eb dominuese dhe, si p\u00ebr t\u00eb vulosur gjith\u00e7ka, parat\u00eb q\u00eb k\u00ebrkohen nuk do t\u00eb p\u00ebrdoren pre investime t\u00eb mir\u00ebfillta, por p\u00ebr financime rutin\u00eb t\u00eb deficitit buxhetor.<\/p>\n Konkluzioni i sag\u00ebs s\u00eb \u00e7ekut 400 milion\u00ebsh \u00ebsht\u00eb vet\u00eb-tregues. E gjith\u00eb kjo histori \u00ebsht\u00eb nj\u00eb shembull m\u00eb shum\u00eb i paaft\u00ebsis\u00eb menaxhuese t\u00eb qeveris\u00eb.<\/p>\n Por realiteti i hidhur \u00ebsht\u00eb se ajo po vazhdon t\u00eb k\u00ebrkoj\u00eb rrug\u00eb t\u00eb reja p\u00ebr t\u00eb siguruar k\u00ebt\u00eb \u00e7ek. K\u00ebsaj radhe duket se burimi do t\u00eb jen\u00eb bankat q\u00eb operojn\u00eb n\u00eb vend dhe p\u00ebr k\u00ebt\u00eb duhet q\u00eb edhe Banka e Shqip\u00ebris\u00eb t\u00eb b\u00ebj\u00eb vuvuzel\u00ebn. N\u00eb k\u00ebt\u00eb m\u00ebnyr\u00eb, qeveria jo vet\u00ebm do t\u00eb ket\u00eb ca para me shum\u00eb p\u00ebr t\u00eb keqshpenzuar, por do t\u00eb vazhdoj\u00eb t\u00eb d\u00ebmtoj\u00eb biznesin vendas, sepse do t\u00eb thith\u00eb kapitalet financiare q\u00eb i nevojiten shum\u00eb m\u00eb tep\u00ebr sektorit privat.<\/p>\n","protected":false},"excerpt":{"rendered":" Rudina Seseri, 15.06.2010 Ideja e hedhjes n\u00eb burs\u00eb t\u00eb eurobondeve t\u00eb qeveris\u00eb shqiptare u trumbetua nga qeveria si nj\u00eb ngjarje historike p\u00ebr Shqip\u00ebrin\u00eb, pas shmangies me shum\u00eb sukses t\u00eb kriz\u00ebs ekonomike, me nj\u00eb taktike q\u00eb i la goj\u00ebhapur vendet e paditura per\u00ebndimore. Eurobondet tona do t\u00eb listoheshin n\u00eb burs\u00ebn e Londr\u00ebs si nj\u00eb shuplak\u00eb p\u00ebr […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-3013","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-artikuj"},"yoast_head":"\n![\"Medi](\"http:\/\/www.shkoder.net\/images\/fjala\/2010\/medi_belortaja_struci.jpg\")
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