Answers to Journalists' Questions Following the Meeting of the Eurasian Economic Community (EurAsEC) Interstate Council.Part 1
October 10, 2008
Bishkek
Ответы на вопросы журналистов по завершении заседания Межгосударственного совета Евразийского экономического сообщества (ЕврАзЭС).
10 октября 2008 года
Бишкек
QUESTION: Dmitry Anatolyevich, today the Prime Minister of Japan talked about the possibility of convening an emergency G8 meeting on the crisis. Is he consulting with you about whether Russia would take part? And how effective do you think the efforts of the G8 can be? Thank you.
PRESIDENT OF RUSSIA DMITRY MEDVEDEV: The idea really does exist. I spoke about this subject in Evian when I talked with Nicolas Sarkozy. I think that holding this kind of G8 emergency meeting would be beneficial. Unfortunately, over the summer we were not able to discuss the measures that should have been taken in more detail, though almost all states knew where everything was going. I personally spoke at the St Petersburg forum and then told our colleagues in Japan that we need a new system of economic security. Nevertheless, no such decision was made. And if they were not made then, we have to try and do everything possible to make them today.
Therefore I certainly endorse the idea of an emergency G8 summit. We are holding consultations on this subject. While it is difficult to say when and where it will take place, it seems to me that it would be valuable. But if we do gather together then it should not just be eight of us; we should invite other economies that play key roles in the global financial climate as well. I am of course referring to China, India, Brazil, Mexico, the Republic of South Africa, and maybe even others.
Incidentally, not only in Europe do politicians share this sense -- I have also heard such statements by certain officials of the United States who believe it to be correct. Therefore, I think that if we do meet we should do so in a broader format.
QUESTION: Dmitry Anatolyevich, in Evian you probably discussed the joint fight against the financial crisis with Mr Sarkozy. Do you have a feeling that Europe sees Russia as an equal player, an equal partner in this process?
DMITRY MEDVEDEV: I have the impression that Europe understands that today no economic problems of a global order can be solved without Russia's participation. Just as the global nature of the economy precludes Russia from resolving all the problems associated with the crisis in financial markets alone. We are so closely linked to one another that we cannot take decisions that don't affect others.
Therefore if we discuss things we must do so in a spirit of cooperation, forgetting certain, shall we say, past differences because we cannot refer to what is happening in international finance and in some states as anything but a depression.
QUESTION: Dmitry Anatolyevich, please tell us whether you agreed on coordinating financial activities within the CIS (similarly to the cooperation within the European Union) during your talks with President of Kyrgyzstan Kurmanbek Bakiev? This topic was not part of the summit agenda but you said that you would be sure to make this initiative. Did you discuss it?
DMITRY MEDVEDEV: We actually agreed about this not only with my colleague Kurmanbek Salievich Bakiev, but we also agreed to discuss this topic during the summit of CIS heads of state -- and not just discuss it the way, unfortunately, it has been discussed in the G8 -- we will coordinate policy and take certain decisions when necessary.
In this regard, we agreed that literally in the next ten days the finance ministers of CIS States will meet in Moscow in order to synchronise watches.
Incidentally, our Finance Minister is now in the United States were they are discussing current economic and financial policies. Naturally, I think that our colleagues from other countries will be interested in exchanging information on how this is perceived in the meetings which are now occurring within the G8.
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