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ECONOMY
Marinex looming fines spark fears of an economic recession
NIKOLAS MAKRELIS COSTA Ploio, Kydontum, Rhayna
Published Monday, October 21, 2024
While the investigation on Marinex progresses slowly but surely, and the call for justice is strong, some economists are warning about the effects of a bankrumptcy of Marinex Ltd.
As of 2024, Marinex performs around 26% of drilling operations in Rhaynan continental shelf alone, and although its dissappearance is unlikely to bring about an economic crisis, it could bring an end to almost 5 decades of continued GDP growth in Rhayna.
As of now, the administration of the current socialist government is discussing on the status of Marinex as a “critical business”, and if so, the next steps for the government after a tumultuous period of observed “inaction” by the current prytanis Romanos Kanidis.
“The current socialist government understands the implications of a Marinex downfall, and won’t allow its fall to be shouldered by the average Rhaynan worker. This government will do everything in our hands to leave as unaffected as possible the prices of oil, gas, and other goods which prices could be bloated by this punctual event,” replied the Minister of Economy in a press roll.
Easier said than done, the government will most likely require a large support by their local coalition allies, who distrust the Socialist Party after discussions about provincial expending went cold, to proceed with any actions involving Marinex.