Albania's Economic Chaos

How the collapse of 'pyramid' investment schemes caused riots in Albania in 1977. Two-thirds of the population had invested in the get-rich-quick schemes.

Albania was hit by a wave of violent unrest in January 1997 after the collapse of 'pyramid' investment schemes. At least two-thirds of the population had invested in the get-rich-quick schemes. Demonstrators took to the streets calling for the resignation of the Albanian President Sali Berisha. Soon protesters were clashing with armed police. Monica Whitlock speaks to Lorina Naci who was a schoolgirl in Tirana at the time.

(Photo: The Albanian capital Tirana in January 1997. Credit: Associated Press)

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9 minutes

Last on

Thu 5 Jan 2017 13:50GMT


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