В.Путин.Интервью телеканалу ОРТ 07.02.00 Part 4

Interview with the ORT TV Channel Part 4
February 7, 2000
Moscow

Интервью телеканалу ОРТ
7 февраля 2000 года
Москва

But it would be wrong to say that it was the only factor. I think the Governments economic unit has managed to take advantage of the situation in order to increase production by pursuing a tough and consistent policy. In other words, we did not fritter away the excess revenues. We tried not to unduly increase social spending. We very much wanted to do so something in the social sphere, but that would have siphoned off resources from industry.

So, it is a consequence of many factors. On the one hand, the ultimate goal is the well-being of the people. But that cannot be achieved by just throwing in all our resources. The well-being of the people can only be based on real growth in the economy. In addition, we managed to stick to the so-called basic macroeconomic parameters of the budget.

MIKHAIL LEONTYEV: But oil prices may be high today, they may remain high for a year or a year and a half, but then they may plunge. What should the economy do? What problems should it tackle in order to stabilise the situation and sustain growth?

VLADIMIR PUTIN: First of all, you should never be in too much of a hurry. Yes, prices are favourable. Yes, we should take advantage of that, but we shouldnt assume that once prices change everything will collapse. There will be no tragedy. It will be more difficult for us to tackle the problems of economic recovery and development of the market economy and integrate it into the world economic system. Yes, it will be difficult, but not impossible. That is why I say that we should maintain good relations with international financial institutions. Thats one of the reasons.

MIKHAIL LEONTYEV: Do you feel that investors and the world market, from which we have practically withdrawn, may soon come back to Russia?

VLADIMIR PUTIN: Yes, I think so. You know what we lacked most of all? First of all, we lacked strong government. We were short of instruments to guarantee some kind of acceptable conditions for investments.

MIKHAIL LEONTYEV: By the way

VLADIMIR PUTIN: That was the first thing we lacked. Second. For many years we lurched from one coup attempt to another. We were short of political stability. Who would invest in any project? You know, when I was in St Petersburg I worked on many different projects. I have inside knowledge of how these negotiations proceed. For example, a potential investor comes with a hundred million. First, he has to plough that money into the ground in our country. Then he has to wait to recoup the investments he made in our economy, and then a certain period is needed before he starts getting profits. Otherwise, there is no point in starting all this business. But if our development leads us from one government coup to another and nobody knows when the next coup will occur and what the outcome and the political consequences will be, who will invest money here? Will he recoup the money he invested or not? To say nothing of profits. There will be no massive investments until we have a stable political system, a stable and strong state which protects the market institutions and creates an investment-friendly climate.

MIKHAIL LEONTYEV: Are you a factor for stability?

VLADIMIR PUTIN: I think the President who will be elected, whoever he is, should be such a factor. I am sure he will operate comparatively undisturbed, especially after we complete the operation in the North Caucasus.

MIKHAIL LEONTYEV: If we complete it. And are you prepared to present the gift of a largely completed operation in the North Caucasus to that person?

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[exceilence]

)) Димка... юрист.  Классно слышать.

[nano4el]

@IPAN11  ты недоразвитый энцефалитный имбицилл. Путина не трожь, вафлик натовский

[FenogrX]

это кстати он у себя дома сидит

[EUGKUZ2000]

Vova, da Blagoslavit TEBYA BOG.

[Lubimochka007]

medvedev vozglavlyal predviborniy shtab

[IPAN11]

a on gondom!!

[NihlistNif]

Ипан, ты такой ипан...

[IPAN11]

ne pro tebya , i pronevo ! ty pedaras a on gondom shlepanyi!!

[olegBas]

Это ты про себя,ублюдок?

[IPAN11]

pedaras s odnim slovam!!

gandon shlepanyi!