Commerzbank Experts Encourage Other Countries To Follow Armenia

COMMERZBANK EXPERTS ENCOURAGE OTHER COUNTRIES TO FOLLOW ARMENIA

Panorama.am
21:32 05/03/2009

American famous Bloomberg agency published the statement made by
Commerzbank AG and UBS AG groups on the adopted strategy of the post
Soviet Union countries during the financial crisis.

The authors of the statement say that Russia, Ukraine and Kazakhstan
should adopt "flexible exchange rate regime" to overcome the
crisis. They encouraged the countries to follow the experience
of Armenia.

According to Commerzbank expert Armenia managed to have more success
than the others changing its regime over exchange rate.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS