RE:RE:RE:RE:RE:RE:April 2020Yes, they really are in a hard spot now.
I suppose the best way to deal with the situation would have been to break the blockades in their infancy. As soon as Lydian started having issues, the police should have involved themselves and make it clear that it wasn't going to be tolerated.
Now, you are right... They can't backtrack on their decision without losing any chance of re-election and, long term, they will have a very hard time growing their GDP with the help out outside investments... Everything will have to be done organically, but it doesn't look too promising on that side either.
Now it is what it is. They will have to summit to the BIT process and ruling or go the Venezualian way. I'm sure the people of Armenia will love this.
Tank1000 wrote: They - the govt, are in a tough spot. They are toast if they allow the mine and screwed by the BIT process - not just the financial hit but the reputation as a backward country that is sketchy to invest in. After all this - any rational company regardless of the industry they might be in, would just walk on by Arnenia....I wouldn't open a hot dog stand in that country.
They brought all this on themselves. Break out the check book and get the pen ready. Time to understand what the words "contract" and "agreement" mean in the real world. Could have just looked that up in a dictionary but I guess they like to do things the hard/dumb way.