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Thread: Putin warns of financial crisis the world ‘has not yet seen’

  1. #1

    Putin warns of financial crisis the world ‘has not yet seen’

    The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
    The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.


    “The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said. “The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.


    https://www.rt.com/business



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  3. #2
    I agree that the next financial crisis could be worse than those before . We shall see .
    Do something Danke

  4. #3
    Warning people of financial crisis? Sounds like a certain former Texas congressman.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  5. #4

  6. #5
    Putin will be OK though , you all better look after yourselves .
    Do something Danke

  7. #6
    Quote Originally Posted by oyarde View Post
    Putin will be OK though , you all better look after yourselves .

  8. #7

    Don't need a weather man to know which way the wind blows



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