View Full Version : Mswati pleads for Greek-style bailout
daveza
14-09-2011, 07:21 PM
http://www.fin24.com/Economy/Mswati-pleads-for-Greek-style-bailout-20110914
Manzini - Swazi King Mswati III said Wednesday that the International Monetary Fund and the World Bank should come to his country’s rescue, as they have for troubled nations like Greece and Portugal.
“When they come to visit us, they do not come in the same spirit and that is a cause for concern,” he said at the opening of a two-day “dialogue” that the palace is promoting as a step out of its crippling financial crisis.
Labour unions that organised five days of anti-government protests last week are boycotting the meeting, and police blocked a small protest by civic and religious groups at the start of Mswati’s “Smart Partnership Dialogue."
They accuse Mswati, Africa’s last absolute monarch, of bankrupting the nation with his lavish lifestyle, including 13 wives who each have their own palace.
Mswati, who arrived at the meeting in a luxury car, admitted that his country’s economy was “not a good sight to see“.
The IMF has refused to grant loans to Swaziland until government takes steps to rein in spending.
While the IMF has called for trimming the public wage bill, it has also urged the government to reduce its travel budget and focus more on health and education.
“We are given timelines that are difficult to meet,” Mswati complained of the recommendations.
Dear King Mswati
Attached please find our cheque for R10 Emalangeni to cover the cost of a phone call to your psychiatrist.
Your in hysterics
IMF.
BobsLawnService
14-09-2011, 07:30 PM
The only Greek style anything that is going on in Swaziland is the way he's pounding the Swazi people up the arse.
killadoob
14-09-2011, 07:31 PM
You see the problem with bails out and handing out money.
The beggars start to come knocking, they should go to the US and ask for money, they love handing out money in africa for nothing.
nivek
14-09-2011, 07:37 PM
You see the problem with bails out and handing out money.
The beggars start to come knocking, they should go to the US and ask for money, they love handing out money in africa for nothing.
Ironically the only people who have given money to Swaziland has been, well, us?
The_Librarian
14-09-2011, 07:37 PM
lolwhut????
If I can tighten my belt and cut out unnecessary expenses, then surely this king can also do the same?
Or is he too dependent upon his royalties? :rolleyes:
biometrics
14-09-2011, 07:43 PM
Didn't he want a R400 million commission on the R2 billion loan he arranged?
The_Librarian
14-09-2011, 07:45 PM
Didn't he want a R400 million commission on the R2 billion loan he arranged?
No doubt he'll want a commi$$ion on this loan as well...
...greed knows no bounds, sadly.
kingdong
14-09-2011, 07:50 PM
The only Greek style anything that is going on in Swaziland is the way he's pounding the Swazi people up the arse.
Bwahahahahaha. Said by a true punter!
I wonder if her does extras?
DJ...
14-09-2011, 07:51 PM
Didn't he want a R400 million commission on the R2 billion loan he arranged?
Want? I have no doubt in my mind that he has already pocketed most of that already.
This man is a fscking hoot. With Mugabe soon removing himself from this planet we need another moron like Mswati to fill his boots...
biometrics
14-09-2011, 08:03 PM
Want? I have no doubt in my mind that he has already pocketed most of that already.
http://m.news24.com/news24/Africa/News/Swazi-King-demands-R400m-commission-20110827
Swaziland's King Mswati III has demanded that R400m be paid to him as commission, for getting the South African government to lend his cash-strapped country money, the Saturday Star reported.
killadoob
14-09-2011, 08:17 PM
Ironically the only people who have given money to Swaziland has been, well, us?
Not really ironic, as i have said once you start handing out money for nothing you are basically setting the scene for it to happen over and over.
So bail them out now, next time it will be expected and they will want more and more and more because it's easy money. No hard work, just ask and you shall receive. People who cannot run a country or place well should not be rewarded with money. O shyte you destroyed this country, don't worry here we go have a couple billion. Shame.
VioAdmin
14-09-2011, 08:27 PM
That country seems needs to become a part of South Africa period and this so called 'king' should be removed from title and be labeled a normal person like the rest of us.
KhoisanX
14-09-2011, 08:29 PM
Want? I have no doubt in my mind that he has already pocketed most of that already.
This man is a fscking hoot. With Mugabe soon removing himself from this planet we need another moron like Mswati to fill his boots...
They haven't been given any money yet.
Korn1
14-09-2011, 08:31 PM
/facepalm
This guy reminds me of some people in this country :whistle:
Flanders
14-09-2011, 08:41 PM
I'm sure he could rather find a proudly African solution to this problem. Oh wait...that would be begging from the International Monetary Fund and the World Bank.
dj_jyno
14-09-2011, 08:48 PM
He can start by selling his Maybach and the wives' S600s.
Garyvdh
14-09-2011, 08:49 PM
What a chop! :D
Let him step down and hold free elections for a democratic government.
Then we can talk about loans and bail outs.
killadoob
14-09-2011, 09:40 PM
I'm sure he could rather find a proudly African solution to this problem. Oh wait...that would be begging from the International Monetary Fund and the World Bank.
LOL
I think though greece and his position are somewhat different, greece is not stealing all the money from their people where as in typical african style he is. Then again you have to start to blame the people feeding these corrupt leaders. When will they realize handing out money for free to corrupt governments won't stop i wonder?
Flanders
14-09-2011, 10:28 PM
LOL
I think though greece and his position are somewhat different, greece is not stealing all the money from their people where as in typical african style he is. Then again you have to start to blame the people feeding these corrupt leaders. When will they realize handing out money for free to corrupt governments won't stop i wonder?
Exactly! :D
That country seems needs to become a part of South Africa period and this so called 'king' should be removed from title and be labeled a normal person like the rest of us.
+10. It can be another province.
2old4this
15-09-2011, 07:46 AM
The WB should forcibly sell Mswati's assets & incorporate it with Swazi's treasury & bingo! Swaziland will have got an internal bail out! Mswati should then seek a job in Swaziland's sugarcane plantations!
evilstebunny
15-09-2011, 11:36 AM
Unbelievable!
Did They have a working economy in the last 20 years?
McSack
15-09-2011, 12:32 PM
+10. It can be another province.
Please god no... then we'll just have another useless "traditional leader" to look after
Please god no... then we'll just have another useless "traditional leader" to look after
I'm sure it will cost us less than it is currently.
McSack
15-09-2011, 12:41 PM
I'm sure it will cost us less than it is currently.
You are probably right, but we can always hope that our "loan" is repaid somehow
killadoob
15-09-2011, 12:55 PM
You are probably right, but we can always hope that our "loan" is repaid somehow
Hate to rain on your parade but that loan will never be repaid. Who repays loans in africa? gimme gimme gimme i want now!!!!!!!!
DJ...
15-09-2011, 03:32 PM
They haven't been given any money yet.
Allow me to rephrase then:
I have no doubt in my mind that he has already allocated most of that money already...:p
evilstebunny
15-09-2011, 05:29 PM
Losi said Swaziland already owed the International Monetary Fund and the World Bank R70 billion.
http://www.timeslive.co.za/local/2011/09/09/swaziland-will-never-repay-loan-cosatu
HavocXphere
15-09-2011, 05:54 PM
So there I am trying to work out what % of the worlds gdp swaziland contributes. And wolfram alpha displays the result...in freakin scientific notation. LMAO
4.758×10^-5 (2008 estimates)
Greece's isn't btw. (0.5%)