The website “javen.dolg.mk” (meaning public.debt) posted a link for civilians to sign a petition, “No to the Eurobond,” calling on all responsible citizens of the Republic of Macedonia to sign the petition that does not recognize the Eurobond of 650 million euros.
“I citizen / citizen of the Republic of Macedonia, I state that I do not recognize the Eurobond of 650 million euros that the government wants to issue and I do not want to pay back that debt in the years to come!” Reads the petition.
Also, in the call to sign the petition, it states that the new borrowing might reach one billion euros.
“These days, in the middle of summer, amid the political crisis, in the middle of daily protests and on the edge of elections, the government announces that it will again issue a Eurobond with a maturity of 10 years, and the maximum amount is 650 million euros. Although the interest is yet unknown, it can be assumed that it will be significantly higher than the interest on the previous Eurobond. Therefore, if the amount of the Eurobond which is worth up to 650 million, the interest is 7 percent, we will have to pay back an interest of 455 million euros. What is that for the fastest growing economy in the world, “say the initiators of the petition.
