ZIMBABWE. Actions of the desperate.

(From Financial Mail)

Byline: Tony Hawkins

ZIMBABWE Actions of the desperate WHAT IT MEANS Social compact set for failure Further Zim dollar devaluation inevitable As a last-gasp measure to halt steep price rises, Gono is proposing a social compact President Robert Mugabe's enthusiastic public endorsement of central bank governor Gideon Gono's call for a social contract is a measure not just of the extent of political infighting within his ruling Zanu-PF party but also of the government's limited policy options.

It is impossible to find anyone outside the ruling party who believes that a social contract can be hammered out by the end of February so that a …