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Indonesia Anticipates 'Domino Effect' of Greece Crisis

RI Government to revise its economic policy as fear looms over possibility of crisis in Greece generating negative impacts to the RI market.

Liputan6.com, Jakarta - Greece's financial turmoil has caused for many nations to reconsider their economic policies. 

Despite the fact affirming Indonesia’s security from direct impacts of Greece's financial instability, the government under President Joko 'Jokowi' Widodo thinks that policies revision to prevent crisis or to anticipate one is very much necessitated. 

It is deemed imperative as they have come to the realization that Greece’s situation profoundly affected the global economy as a whole and thus, sooner or later, Indonesia will be forced to be economically ready to face the challenges similar to the ones currently attacking the European region.

The Indonesian Minister of Finance (Menkeu), Bambang Brodjonegoro informs how the Indonesian Act concerning the economic sector is currently being reviewed and will be revised so that both the government and the Indonesian House of Representatives (DPR) can rely on specifically-deliberated Acts to address issues relating to economic instability. 

He believes that with the blatant uncertainty in the global arena, it is in the interest of Indonesia to have its policies adjusted to the current economic condition of the world.

"We never thought that the crisis in Greece would be a fatally serious one. With the crisis already happening, I think it is desirable for Indonesia to heighten its anticipation for any kind of economic turbulence within its financial market system," Bambang shared at the DPR building, Jakarta, on Tuesday 7 July 2015.

With approved policies designed to specifically address economic issues, the government will no longer have to be afraid or insecure about making the right move or decision during economic hardships. (Akp/Tnt)

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