What a joke (but a relief for half a milion of poor farmers) !
The government is introducing a debt moratorium scheme for farmers worth 80 billion baht which is seen as a strategy to appease grass roots people as political divisions continue to widen.
The plan was released as tension mounted after a second round of negotiations between red shirt demonstrators, most of them farmers in northern and northeastern provinces, and the government failed on Monday.
A government committee on easing farmers’ debts is planning to submit the scheme to cabinet next month.
The ad hoc committee met on Monday to discuss a debt moratorium scheme for about 80,000 farmers who are members of the Farmers’ Reconstruction and Development Fund (FRDF) and 430,000 farmers who are not FRDF members.
The 510,000 debtors in the farm sector have a total principal debt of more than 80 billion baht.
The debt moratorium will be limited to 2.5 million baht each, said Khunying Supatra Masdit, an adviser to the prime minister, who sits on the committee.
She said the new debt restructuring scheme will help clear farmers’ debts owed to financial institutions within 15 years. (Bangkok Post)
Let’s summarize. Farmers are against your government and they fuel opposition rallies. You have a problem. So you erase their debts. Simple.
Let’s not play with words there… The Abhisit’s plan is like a big eraser. The point is (and it’s a valid point for the whole world) : those debts can’t be repaid. In full.
But 80 billions THB. That’s not a small amount…
Again, It’s going to be a serious relief for those people. But let’s not forget : someone will pay. That’s the trick. The thai tax payers, eventually.
Anyway. Where are the supporters of the rule of law, democracy and good governance principles ?
Where are the people who were criticising Thaksin, the TRT and the PPP for their vote buying policies ?
Well, I guess, we could say : same same, but… not different.
Change with Abhisit ? Yes We Can(‘t). As usual.