A confusing signal<\/p>\n
As soon as the realities of the economic crisis hit Indonesia,
\na program of economic rehabilitation and reform was begun with
\nthe banking sector given first priority for treatment. This was
\nsensible because the banking sector constitutes the main artery
\nof the economy.<\/p>\n
The reform and rehabilitation process inflicts some pain
\nbecause certain banks would face closure. Only banks that are
\nrelatively healthy or institutions that have a good chance to
\nregain their health can be preserved. Even so, however great the
\npain, the public accept, and even support, the cure.<\/p>\n
Another important point is that reformation and rehabilitation
\nof our banking industry also serves to restore the trust of the
\ninternational community in our economy. Therefore, it is believed
\nthat whatever steps the government takes, no upheavals will
\nresult as long as the measures taken are fair and the procedures
\ntransparent.<\/p>\n
We don't know, though, whether the public's equanimity can be
\nmaintained, now that the government has given the impression of
\nbeing indecisive in following through with the bank liquidation
\nprocess. We are afraid the delay in bank closures will be
\ninterpreted as an idle promise on the part of the government to
\nput the banking sector in order. Again, judging by past
\nexperience, we strongly believe that our present banking crisis
\nis caused, among other things, by the government's lack of
\ndetermination to correct chronic mismanagement of certain banks.<\/p>\n
-- Kompas, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/a-confusing-signal-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }