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Albania's Economic Chaos

In the spring of 1997, there were riots on the streets of Albania after the collapse of unregulated investment schemes which had swallowed up the savings of much of the population.

On March 2nd 1997 the Albanian President Sali Barisha declared a state of emergency after weeks of unrest and violence prompted by the collapse of unregulated pyramid schemes. The investment scams had brought the country to the brink of economic meltdown. Monica Whitlock has spoken Lorina Naci who lived through the chaos in the Albanian capital Tirana.

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11 minutes