![Financial crisis in the world is under way](https://www.aysor.am/news_images/121/361557_3/f546ce8acdc115_546ce8acdc4fe.thumb.jpg)
12/11/2011 14:38
Financial crisis in the world is under way
A financial crisis in the world is under way, and it is quite likely that a recession will follow, said former Russian Finance Minister Alexei Kudrin, the Kyiv Post reports.
"Considering that the safety fuse has already been ignited and is burning, we are entering a crisis. We already have a financial crisis, and an economic crisis is likely to follow. It is so far difficult to understand its scope and depth," Kudrin said at a Sberbank business breakfast in Moscow on Saturday.
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