{"id":126803,"date":"2022-07-10T17:53:32","date_gmt":"2022-07-11T00:53:32","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=126803"},"modified":"2022-07-10T17:53:32","modified_gmt":"2022-07-11T00:53:32","slug":"sri-lanka-is-not-bankrupt-a-country-never-goes-bankrupt","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/07\/10\/sri-lanka-is-not-bankrupt-a-country-never-goes-bankrupt\/","title":{"rendered":"Sri Lanka is Not Bankrupt! \u201cA country never goes bankrupt\u201d"},"content":{"rendered":"

Prof. Hudson McLean<\/em><\/span><\/h2>\n\n\n

Explained: What Happens When A Country Goes Bankrupt?<\/a><\/p>\n\n\n\n

 
\"Text Explained: What Happens When A Country Goes Bankrupt? Sri Lanka is in the midst of a rising financial and humanitarian catastrophe, with predictions that it could dec…<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The country is going bankrupt.\u201d In truth, that is a false assertion. <\/strong><\/p>\n\n\n\n

Ranil Wickremesinghe, <\/strong>as a veteran politician, as the Prime Minister, was Totally Irresponsible<\/strong> to declare Sti Lanka is bankrupt.  <\/p>\n\n\n\n

He should have known better than to state that publicly to bring the “Fear Factor”.<\/strong> This was Criminal!<\/p>\n\n\n\n

Ranil accepted the job as PM to re-enter Temple Trees and to gloat on the privileged position.<\/p>\n\n\n\n

 Why did he volunteer to be PM?<\/strong><\/p>\n\n\n\n

I might add, as a Roman Catholic, Cardinal Ranjith should keep himself out of politics! <\/strong> His current reputation as the leader of the Sri Lankan Catholic Church is blemished & tarnished.<\/p>\n\n\n\n

When one views the Sri Lankan Law Makers, the country was totally under the control of the Rajapaksa Clan.<\/strong><\/p>\n\n\n\n

Rajapaksa Family made Sri Lanka into Rajapaksa Land! <\/strong><\/p>\n\n\n\n

If anyone should be held responsible for the demise of this beautiful “Tear Drop” in the South of India, The Rajapaksa Family should be 100% Responsible.<\/strong><\/p>\n\n\n\n

The Ministry of Foreign Affairs should now take away all the International Passports of the ex-Ministers of the Government from fleeing the country. <\/strong><\/p>\n\n\n\n

An independent commission should investigate the wealth, and the bank accounts of the ex-Ministers, and confiscate any unsubstantiated funds, property, and credit to the Sri Lankan government.<\/p>\n\n\n\n

The solution to bring back Sri Lanka to credibility rests on the Recovery Team Sri Lanka Limited.<\/strong><\/p>\n\n\n\n

The Recovery Team Sri Lanka Limited<\/strong> MUST be operated like a Limited Liability Company with a CEO.<\/strong><\/p>\n\n\n\n

Apart from the Board of Directors, there will be a Supervisory Directors on a FREE of Fee, basis.  Some of these Supervisory Directors may be from outside of Sri Lanka.<\/strong><\/p>\n\n\n\n

Each Director with a Portfolio or a Ministerial responsibility must be given and be accepted, as a Financial Target with a Time Limit..<\/strong><\/p>\n\n\n\n

The CFO (Chief Financial Officer) will publish the Bottom Line which the Directors should achieve within 12 months.<\/p>\n\n\n\n

The salary structure of the Directors including the CEO shall be minimal and based on a revenue-related incentive.<\/p>\n\n\n\n

If Dhammika Perera (a non-political successful businessman) is appointed and accepts the responsibility as CEO, he should be allowed to select his own management team.<\/strong><\/p>\n\n\n\n

Like in Singapore, the main principle of the  Recovery Team Sri Lanka Ltd is Corruption FREE with Zero Tolerance!<\/strong><\/p>\n\n\n\n

Suggest that Team Sri Lanka Ltd engages Three (3) Top Singaporeans from Singapore Economic Development Board \/ Temasek Holdings for a One Year Agreement.<\/strong><\/p>\n\n\n\n

Any comments? Agree or Disagree!<\/strong><\/p>\n\n\n\n

Express Your Opinion – Read What Others Say!
The Independent Interactive Voice of Sri Lanka on the Internet.

Please visit -: http:\/\/www.lankaweb.com\/<\/a><\/u><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Prof. Hudson McLean Explained: What Happens When A Country Goes Bankrupt?   Explained: What Happens When A Country Goes Bankrupt? Sri Lanka is in the midst of a rising financial and humanitarian catastrophe, with predictions that it could dec… The country is going bankrupt.\u201d In truth, that is a false assertion.  Ranil Wickremesinghe, as a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-126803","post","type-post","status-publish","format-standard","hentry","category-hudson-mclean"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/126803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=126803"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/126803\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=126803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=126803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=126803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}