#AceFinanceNews Billionaire financier George Soros said Wednesday it would not be practical for an independent Scotland to keep sterling.
“I don’t think that Scotland leaving and becoming independent and yet remaining part of sterling and the Bank of England is actually practical,” Reuters quoted Soros as saying.
However, he warned that an independent currency would be “very inefficient and potentially dangerous.” The alternative for Scotland would be to become part of the Eurozone, he said.
#AceFinanceNews Greek public sector workers shut schools and left hospitals at emergency staffing levels Wednesday, Reuters reported.
They are protesting against thousands of new job cuts demanded by Greece’s foreign lenders. Doctors, teachers and school guards joined the 24-hour strike and planned marches to parliament.
Labour unions fear the centre-right Greek government will impose even more wage and pension cuts to meet the targets of its 240 billion euro bailout deal with the EU and IMF.
#AceWorldNews – Bangkok – Rice producers participating in anti-government protest rally in the Thai capital have caused a blackout in the Trade Ministry headquarters, MCOT news agency reported on Wednesday.
In February, the Thai government managed to negotiate with an initiative group of farmers a schedule for paying debts in order to avoid mass protests in Bangkok, where thousands of farmers were ready to go to demand their money to be paid immediately.
Meanwhile, not all the farmers agreed to wait.
According to MCOT news agency, protesters near the Trade Ministry headquarters prepare to spill on the ground about 10 tonnes of rice.
In 2011, Thai government headed by Yingluck Shinawatra introduced the system of state collateral rice purchase from farmers at rates that significantly exceed market prices.
Thailand is one of the global leaders in rice production, and such methods of regulation in agriculture, economists believe, have led to major losses for the country. In late 2013, the Thai government stopped paying to farmers due to lack of funds.
All government’s attempts to get a credit even in the state bank of Thailand were derailed by oppositionists that strived for the resignation of Yingluck Shinawatra.
To square accounts with the farmers, the Thai government decided to sell the available rice stocks at below-market prices.
March 12. /ITAR-TASS/.