Putin: The crisis - a failure of the global financial system

Government Regulation igry29-01-2009 Putin: The crisis - a failure of the global financial system Speaking at an economic forum in Davos, Prime Minister Vladimir Putin urged the world not to repeat Soviet mistakes in the search for a way out of crisis. Most of the performances of Russian Prime Minister opened today at the prestigious economic forum was devoted to the global financial crisis. "The crisis was generated by the collapse of the financial system", - said Putin. According to him, had lost control of the risks. The reasons for the incident he described as an imbalance between the scale of operations and asset prices. "One center without restrictions, without control of printing money, the other produces goods", - said chairman of the Russian government. Replaced by a unipolar economic system must come a new revitalized system, he said. According to Putin, this requires global regulation and multilateral agreements in this field. "I am convinced that we can build a more equitable global architecture" - said the Russian prime minister. Putin also suggested that global economic dangers of excessive dependence on the single currency. According to him, for the global economy requires a few strong currencies.