The internet has been flooded these days with information that Hamed Bangoura has a plan for how citizens can revive Croatia.
Those who have not been discouraged by the fact that Hamed is not an economist, thus not an expert (whatever that means), have allowed themselves to read the skeleton of the idea.
To start with one detail – about 50 experts from various fields have been working on the civic recovery of the country, not including only and exclusively (professionally already quite deformed and uniformed) economists. After all, the crisis/depression we are currently experiencing has long surpassed economic parameters. It has become part of the social fabric, sneaking into our beds, family meals, moral values, and judgments.
Even the name of the foundation suggests that it includes people who look a little further than their noses and longer than one term. Moreover, necessity and misery have driven them to action – housing loans in Swiss francs. Since neither former nor current officials have managed to solve the problem (freezing the exchange rate has solved nothing, loan installments are still in the clouds), the team was forced to devise a model that would benefit everyone in the chain. Thus, both banks and builders and those in power. And that, you must admit, is no small feat.
In short, the GOH model (citizens revive Croatia) allows for the reprogramming of about 70,000 housing loans in Swiss francs, reducing loan installments by at least 30 percent. It would open at least 60,000 new jobs in the first year of implementation. It would activate ‘dead’ capital and put it to work. It would stimulate new investments, revive the construction sector, lower the cost of capital for new investments, and enable the migration of the working-age population….
