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Russian President Explains The Present World Financial Crisis By Gro

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  • Russian President Explains The Present World Financial Crisis By Gro

    RUSSIAN PRESIDENT EXPLAINS THE PRESENT WORLD FINANCIAL CRISIS BY GROSS ERRORS OF SEVERAL STATES AND THE USA FIRST OF ALL

    ArmInfo
    2008-10-21 19:01:00

    ArmInfo. 'It is clear that we pay for the gross errors of several
    states and the USA first of all, since the share of the American
    financial market and its affecting global economy is very big', -
    Russian President Dmitriy Medvedev said at the joint press-conference
    with his Armenian counterpart Serzh Sargsyan in Yerevan today.

    He also added at present Russia has a task to minimize consequences of
    the planetary financial and economic crisis. 'I think the decisions
    adopted at present are enough, but this dies not mean that the list
    of these decisions is concluded once and forever. Nothing of the
    kind. Unfortunately, life makes its corrections and we shall reply
    to them by new organizational, structural and financial decisions if
    needed', - Dmitriy Medvedev said.

    Touching on Stock Exchange Council set up in Russia recently,
    Russian president said it should resolve the problems connected with
    macro-regulation, tracing of the situation at stock exchange market,
    adopting of the necessary norms and rules which will ease the situation
    or put it in order.

    He also hopes this structure will be able to have a positive effect
    on the crisis phenomena as well.
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