In Albania in 1997, why did there be riots, and some people committed suicide with hatred?

Mondo International Updated on 2024-02-14

The beauty of human society lies in the fact that people can come together to maintain it, and the decisions of leaders are crucial at every turning point. The right decisions can allow a country to thrive, while the wrong choices can lead to future collapse. The history of Albania is an example full of lessons.

Albania was once a country with a bright future, but in the 90s of the last century, it experienced a tumultuous situation. The European nation's prosperity turned into desolation overnight, leaving countless people suffering internally, while its roots can be traced back to a series of policy missteps and economic problems.

The leader, Sally Berisha, made a serious mistake in the process of privatizing state-owned enterprises, neglecting the reform and development of state-owned enterprises, which led to the difficulties of state-owned banks. The profits of private enterprises cannot compensate for the losses of state-owned enterprises, and the collapse of state-owned banks directly affects the financial system of the country as a whole.

The economy has deteriorated further as the economic impoverishment has been exacerbated by measures taken to save the banks, with private lending booming and private companies turning a blind eye to illegal activities for profiteering.

The prevalence of pyramid schemes has pushed Albania to the brink of collapse. Pooling companies lure people to invest at high interest rates, but they eventually collapse and go bankrupt, leaving large numbers of people in poverty and despair. The incompetence and dereliction of duty further aggravated the situation, raging and plunging the country into chaos.

The use of force against the ** has exacerbated popular discontent against the **, and Albania has been plunged into civil strife and gun battles. Eventually, the international community stepped in to calm the situation, but Albania was already in a long-term predicament, becoming one of the poorest countries in Europe.

The story of Albania teaches us that the decisions of the country are crucial to the development of the country. Leaders should be prudent and deliberate, and should not neglect long-term development for the sake of immediate gain, let alone allow opportunistic behavior to be tolerated. The responsibility is to protect the interests of the people and not to plunge them into despair and misery.

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