He also initiated a policy of quantitative easing, a process by which central banks inject new money into the economy by purchasing government bonds and securities from financial institutions.

The latter eventually initiated a policy of total reimbursement of the foreign debt by imposing austerity steps that impoverished the population and exhausted the economy.

To expand the town, local authorities initiated a policy of annexation of local villages.

He initiated a policy of raising funds from sources other than rates, with the result that rates fell from 66% of councils income in 1980 to 38% in 1987.