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Albania: Communism, capitalism, chaos

We Are History

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The Pyramid Scheme

There were about 25 main firms involved. The biggest firm was called Vifa Holding and invested in various parts of the economy, hotels, fuel shops, factories. For a short period, everyone seemed to be doing really well and people were doubling their money. Meanwhile, observers from other parts of Europe were saying, guys, this is not sustainable. It's a pyramid scheme. Even the IMF were telling the Albanian government to shut down the schemes.

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