Zimbabwe ‘will collapse in 6 months’

This is the title of a shocking and very scary article in The Times UK today (via the BBC):

“The memorandum is talking about a situation where there is no functioning government or a total breakdown,” said an agency official, who asked not to be named. “It is saying it is inevitable, not just a possibility. Our head offices have to know. Not many people have experienced this kind of crisis.” The document says that inflation will continue to snowball. “Thus economic collapse is expected before the end of 2007,” it adds.

By that point the Zimbabwean currency will have become unusable and shops and services will “substantially cease to function”. This is likely to be followed by “increased unemployment with concomitantly increased crime and possible civil disturbances”.

And Mugabe’s reaction to the crisis?

Mr Mugabe’s reaction to the deepening crisis grows increasingly bizarre.

This week he presided over the handover of 925 imported tractors, 35 combine harvesters and a range of other sophisticated equipment that cost $25 million (£12.5 million) of foreign currency. As far as it could be established, the recipients are all politicians.

“Today we are proud masters of our political and economic destinies,” he said.

It makes me feel sick!

Read the full article here.

Technorati Tags: Zimbabwe, inflation, economic collapse, Mugabe, economy

This entry was posted by Hope on Thursday, June 14th, 2007 at 1:23 pm. You can follow any comments on this entry through the RSS 2.0 feed. Both comments and pings are currently closed.