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'Everything We Wrote
Comes from Official Sources'
Professor Kjell Magnusson, affirms that our article
The figures we quote are from the World Bank, 'Industrial Restructuring Study', Washington, 9754-YU, July 1991. (Table 2.1 p. 34). 89.500 workers lost their job in 1989, and 523,100 in the first nine months of 1990; total 614,600 workers fired.
Another World Bank document confirms that in addition to those fired, "1.5 million workers (accounting for 15-20 percent of the labour force were not [being] paid". This means that in 1990 more than 2 million workers were either unemployed or were not receiving their wages. This was the direct result of the IMF-World Bank Programme which the G17 are intent on reinstating.
Magnusson argues that we misstate the role of the G17. According to Magnusson the G17 is committed to social development objectives and has nothing to do with the IMF's deadly "structural adjustment programme". Let the G-17 speak for themselves:
IMF "shock therapy" has already been set in motion by the G17. The first step consisted in lifting price controls on basic consumer goods, fuel and services. In the last two weeks, prices have increased, as much as three times, precipitating the Yugoslav population into abysmal poverty. (1)
Footnotes and further reading...
(1) See 'Kostunica Coalition Drives Up Prices & Blames Milosevic' by Michel Chossudovsky at http://emperors-clothes.com/articles/chuss/triples.htm and 'Is Kostunica Setting Stage for a Phony Fuel-Shortage Melodrama?' by Jared Israel at http://emperors-clothes.com/news/price.htm
(2) 'Chossudovsky and Israel are Inaccurate and Misleading', by Kjell Magnusson at http://emperors-clothes.com/debates/magnus.htm
(3) 'The International Monetary Fund And The Yugoslav Elections', by Michel Chossudovsky and Jared Israel can be read at http://emperors-clothes.com/analysis/1.htm
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