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.