VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN

Point of View

12 may
2009
Ways to Overcome the World Economic Crisis 29

"The crisis, despite its negative elements, offers a unique opportunity to reform the economy, rehabilitate the global financial system, and formulate a modern agenda that should adequately reflect the growing role of the new centres of economic growth and political influence. Being here in Tokyo, I am referring above all to the Asia-Pacific region."

Vladimir Putin
At the the Russian-Japanese Business Forum, Tokyo, May 12, 2009
10 march
2009
Ways to Overcome the World Economic Crisis 29

“To overcome the negative consequences of the global financial and economic crisis, we should take effective joint actions to rehabilitate the global financial and investment system. Likewise, we must maintain and, if possible, enhance the level of trade and economic relations and cooperation in other spheres of bilateral relations. To attain this objective, we should act with maximum trust based on a positive approach to the partners' interests. I am convinced that if we follow these guidelines, Russia and Hungary will make a befitting contribution to European economic stability.”

Vladimir Putin
Plenary meeting of intergovernmental Russian-Hungarian consultations, Moscow, 10 March 2009
26 february
2009
Ways to Overcome the World Economic Crisis 29

“In conditions of the crisis, we should pay more attention to social problems and to preventing unfavourable developments in this field.”

Vladimir Putin
Council of Europe Conference of Ministers Responsible for Social Cohesion, Moscow, 26 February 2009
26 february
2009
Ways to Overcome the World Economic Crisis 29

"On the whole, we are convinced that a fall in social standards, a kind of "social dumping" should not be used as an anti-crisis measure because it will not only fail to improve the situation but will also complicate steady economic recovery."

Vladimir Putin
Council of Europe Conference of Ministers Responsible for Social Cohesion, Moscow, 26 February 2009
5 february
2009
Ways to Overcome the World Economic Crisis 29

“We have said more than once that our goal is to turn the rouble into reserve currency. Please believe me, this is an understandable and reachable goal. We are already using roubles for settlements in trade with some countries.”

Vladimir Putin
Government meeting, Moscow, 5 February 2009
28 january
2009
Ways to Overcome the World Economic Crisis 29

“We must strengthen the system of global regulators based on international law and a system of multilateral agreements in order to prevent chaos and unpredictability in such a multi-polar world. Consequently, it is very important that we reassess the role of leading international organisations and institutions.”

Vladimir Putin
Opening ceremony of the World Economic Forum, Davos, 28 January 2009
28 january
2009
Ways to Overcome the World Economic Crisis 29

“Excessive dependence on a single reserve currency is dangerous for the global economy. I think it is clear to everyone now. Consequently, it would be sensible to encourage the objective process of creating several strong reserve currencies in the future. It is high time we launched a detailed discussion of methods to facilitate a smooth and irreversible switchover to the new model.”

Vladimir Putin
Opening ceremony of the World Economic Forum, Davos, 28 January 2009
28 january
2009
Ways to Overcome the World Economic Crisis 29

“Most nations of the world convert their international reserves into foreign currencies and must therefore be convinced that they are reliable. Those issuing reserve and accounting currencies are objectively interested in their use by other states. This highlights mutual interests and interdependence.”

Vladimir Putin
Opening ceremony of the World Economic Forum, Davos, 28 January 2009
28 january
2009
Ways to Overcome the World Economic Crisis 29

“Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors and shareholders for their decisions, has been eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.”

Vladimir Putin
Opening ceremony of the World Economic Forum, Davos, 28 January 2009
28 january
2009
Ways to Overcome the World Economic Crisis 29

“In our opinion, we must first atone for the past and lay our cards on the table, so to speak. This means we must assess the real situation and write off all hopeless debts and "bad" assets. True, this will be an extremely painful and unpleasant process. Many will be unwilling to accept such measures, fearing for their capitalisation, bonuses, or reputation. However, we will "conserve" and prolong the crisis if we do not clean up our balance sheets. I believe financial authorities must work out the required mechanism for writing off debts, one that corresponds to today's economic needs.”

Vladimir Putin
Opening ceremony of the World Economic Forum, Davos, 28 January 2009
Show: 10 / 20 / 50 on each page
2/ 3