В.Путин.Интервью агентству "Блумберг".27.01.09.Part 1

Vladimir Putin gave an interview to Bloomberg news agency. 27.01.09. Part 1

Председатель Правительства Российской Федерации В.В.Путин дал интервью информационному агентству "Блумберг". 27.01.09

Ellen Pinchuk: Good afternoon, Mr Prime Minister. I am going to ask my questions in English, if you don't mind.

Vladimir Putin: All right.

Ellen Pinchuk: Mr Putin, our audience wants as much information from you as possible, so my first question is about Davos, where you are going to attend the World Economic Forum. What do you want to say to the world economic elites?

Vladimir Putin: I have been to Davos many times-four or even five-when I was working in St Petersburg. It is a good venue for informal meetings not only with my colleagues, governmental representatives, but also with businesspeople.

This is a special time we are going through. It is unusual due to the scope of the international financial crisis and its all-embracing character. I don't think international economic relations have seen anything like it throughout their history. So I think teamwork at such venues is extremely important. Everyone says it is necessary to pool efforts and together overcome the problems in the global economy and finance. I think we need to take a practical approach.

I will not talk about everything I am going to speak out on, but I can touch on certain things in this interview.

We talk about the need to join efforts and to work out common rules-what Russia thinks should be said. First of all, we should discuss setting common standards in the global economy, including its national sectors.

The countries of the European zone, the European Union, have arrived at certain rules for themselves and make it a point to comply with them-the budget deficit, for example. There are certain relevant agreements and targets. On the whole, however, the world has no such standards though they would be instrumental as stabilisers. Second, globalisation makes interdependencies so great that all countries are interested in such standards and even entitled to them, to an extent.

Here is a practical example to illustrate what I mean. Let's assume that Russia has almost a half of its gold and currency reserves in the American economy, so we are not indifferent to the amount of the US federal budget deficit in 2009. That's only an example. There are other parameters we could at least take into consideration if not coordinate. We realise full well that the world cannot have absolute agreements of the kind the European Union has, but framework agreements are possible even despite the differences in countries' economic and other development.

Next, we have every reason to talk about unification in the world financial markets. We can only regret that global stock exchanges have no unified rules-some are valid in New York, others in London, and still others in Hong Kong or Frankfurt. Clearly, it is impossible to unify this field fully.

But what have we seen in the previous years? It is competition between those venues for the greatest possible IPO and other securities flow. Regrettably, discipline has fallen-and we should not forget that securities issued by one of the regional exchanges spread all over the world. This is something to pay attention to. At any rate, it is high time to discuss this issue.

There are other questions concerning regional reserve currencies. There is a lot of talk today about the multi-polar character of the economy. What is meant is mainly prospects for establishing other reserve currencies in addition to the US dollar and the euro. In Russia we realise full well that declaration of a currency as reserve, even regional, is meaningless without economic development and diversification. It is quite possible, however, to speak of regional funds that could become a prototype for a unified economic policy in a particular region.

I heard again today about the discussion regarding a single Latin American currency. Experts say the yuan may qualify as the Asian regional reserve currency. The idea of a single currency is recurrent in many Arab countries. I repeat it is a long process. It may come true but it will take a long time, maybe 10, 20 or 25 years-I don't know.

As for development funds, the idea is plausible even today. For example, we have been considering the possibility of creating a small but efficient fund within the EurAsEC, a known integration agency. Russia and Kazakhstan are having talks about tentative investment with small contributions of other countries to be used for development.

We intend to discuss all that with our colleagues in Davos. By "we" I mean the Russian delegation.

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[Esvarid]

I think russians are cool. And they have a very beatiful language ;)

[Themudava]

i like Vladimir Putin. He is the best.

[MoskowFreak1111]

@Djekil999 с какого этажа ебанулся?

[FreeeeS]

Заунывный ветер гонит Стаю туч на край небес. Ель надломленная стонет, Глухо шепчет темный лес. На ручей, рябой и пестрый, За листком летит листок, И струей, сухой и острой; Набегает холодок. Полумрак на все ложится, Налетев со всех сторон, С криком в воздухе кружится Стая галок и ворон... -Николай Некрасов "Перед дождем"

[FreeeeS]

@Esvarid English is also beautiful if spoken correctly not like Bush lol

[rudolff1973]

@Djekil999 сначала вперед ногами вынесут таких как ты

[Djekil999]

Путин это предатель русского народа, его место за решеткой. Нам не везет на руководителей высшего звена - но на этот раз эта гнида уйдет либо его вынесут вперед ногами.

[Wassamata]

америка нас не спросила когда разорвала контракт магнус/сбербанк - опель. она на нас наплевала,как и на германию. переговоры шои почти год. это те на будущее

[4zion4life]

putin is a creep