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.