Finansy13-10-2008 Judge: time to prepare Russia for the crisis had already missed troubled banks, undeveloped stock market and "a false sense of complacency" - that is what brings us together today with the situation that preceded the 1998 default. Much of the time to prepare the system to the crisis has passed, said scientific director of the Institute of Financial Studies Andrei Vavilov (hereinafter - AV), is a former first deputy finance minister. In an interview Bingess.ru he called the most vulnerable places of the Russian economy during the crisis. Bigness.ru: - What specifically do you see parallels between today's situation and the pre-crisis time of 1998? What is common? AV: - In the first place - then and now - is the weakness of the financial system. Troubled banks, undeveloped stock market - the Achilles' heel of the Russian economy. What else unites the current situation with 1998, so it's a false sense of complacency, the illusion of security. Then it was due to economic illiteracy, and now - the presence of reserves to rely on that in the long run, of course, impossible. Bigness.ru: - What are the new threat (compared to 1998) appeared in the Russian economy?
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