OPINION: From reality to paradise

 
858Views 2Comments Posted 10/10/2020

Some deputies have shown great skill in managing public opinion. By law, they try to make believe that they can change reality for a paradise. The proposal to put a cap on bank interest on credit is one of them. Where do its proponents get that in Panama loans are granted with the highest interest rates in the world? Have they measured the consequences of their proposal? In Panama, there are enough banks for there to be healthy competition and we have seen and experienced that for decades. The payment terms, interest, etc., found in the market, have allowed access to credit to people with very limited resources. What they are doing is demonizing one of the most competitive industries in the country. Instead of their verbose irrelevant demagoguery, why not put a limit on hiring employees in the state? Why not put a limit on so much credit that will force us to tax reforms that we will all regret? Why not limit so much useless spending on cars, travel, wages, and privileges? If they were able to set the example, many would follow, but now they demand what even they cannot meet: limits. LA PRENSA, Oct 10



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