"obtaining credits from the bank or union
is the same as committing suicide."
We in Pakistan face an almost similar conditions
in face of credit obtained from Agricultural or
other Banks. Usuary is a lethal and
effective implement of Imperialism.
Tariq
> From: Press Agency Ozgurluk <[EMAIL PROTECTED]>
> Date: Sun, 9 Sep 2001 02:51:06 +0200
> To: [EMAIL PROTECTED]
> Subject: [Ozgurluk] Turkey: Property seized from thousands of farmers in
Erzurum
>
> 8 September 2001,
>
> Property seized from thousands of farmers in Erzurum
>
> EZO Chairman Aydemir: Obtaining credits from the bank or union is
> the same as committing suicide
>
> Erzurum Chamber of Agriculture (EZO) Chairman Neset Aydemir spoke
> to the Anatolia news agency, complaining of the sequestration process
> against 10,600 farmers in Erzurum.
>
> Blaming the recent economic crisis for the harsh economic situations
> farmers are made to bear, Aydemir stated that farmers who had
> borrowed money from the Ziraat Bank and Union of Agricultural Credit
> Cooperatives were having a hard time paying their debts.
>
> The situation of the stricken farmers was explained by Aydemir, who
> used "barter" for an example. He stated that purchasing a liter of
> diesel required selling eight kilograms of wheat -- this being very
> costly due to the fact that goods are being sold for less than the
> costs of production.
>
> Adding that the agricultural sector has been neglected for years,
> Aydemir said: "People are engaged in farming in vain. Farmers unable
> to pay their debts are forced to sell their land. For them to be
> able to pay off their debts, the capital must be obtained -- however,
> this must be done by subtracting the cost of interest rates.
> Otherwise, the farmer will not be able to pay either."
>
> With interest rates being set at somewhere between 118.5-122.5
> percent, Aydemir said that "obtaining credits from the bank or union
> is the same as committing suicide."
>
> Ankara - Turkish Daily News
