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Despite the puzzling confusion by hopefuls making comforting noises, and the hopeless foretelling gloom, and hard times ahead, the juggernaut of State rolls on undaunted. Tragically, the foreign exchange reserve position is bleak to an extent that we may be compelled to default in repayment of loans, which apparently will lead to being declared not worthy of credit. This will be exacerbated by the possible denial of GSP, earnings diminished by the certain decline export crop yields, displaced worker remittances and the rippling negative impacts of ‘Covid 19’. Many are near to being completely confused with ongoing “discussions,” liberally strewn with doses of economist jargon, as would a drunk leaning against a lampost – “more for support than for illumination”. Or as one declared, “Economics is swiftly becoming the art of making commonsense difficult to understand.” ....
Are We Serious? - Colombo Telegraph colombotelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from colombotelegraph.com Daily Mail and Mail on Sunday newspapers.
Death toll in Sri Lanka floods, mudslides rises to 14 A Sri Lankan vendor waits in his stall as a boat stands in a flooded road at Malwana, on the out skirts of Colombo, Sri Lanka, Saturday, June 5, 2021. Flash floods and mudslides triggered by heavy rains in Sri Lanka have killed at least four people and left seven missing, while more than 5,000 are displaced, officials said Saturday. Rains have been pounding six districts of the Indian Ocean island nation since Thursday night, and many houses, paddy fields and roads have been inundated, blocking traffic. (AP Photo/Eranga Jayawardena) June 06, 2021 - 1:10 AM ....