Wednesday, March 4, 2009

Australian Prime wrote an article in Rossiyskaya Gazeta.

Prime Minister of Australia Kevin Ruddy (Kevin Rudd) has written an article on his vision of the causes and consequences of the economic crisis in the Russian newspaper Kommersant.
According to the social democrat Rädda, it must be recognized that the current crisis has led to the collapse of free-market ideology that had dominated economic policy for 30 years. Ruddy said that the crisis has challenged the notion that financial markets could monitor themselves without the involvement of the state.
The Prime Minister of Australia, compared the output from the crisis with the output of the Great Depression in the U.S., as well as with the Marshall Plan to rebuild Europe and the introduction of the Bretton Woods system.
Kevin Ruddy on the pages of Kommersant suggested three tasks, which depends on the way out of crisis. The first task is to create a properly regulated market and the restoration of domestic and global demand. In addition, governments should avoid protectionism, as it is - "the right way of turning a recession into depression."
The third task Ruddy sees in the definition of global principles to govern the markets. In particular, it must be set high standards of disclosure for the backbone of financial institutions.
Kevin Ruddy came to power in 2007 after winning the election. It is headed by the Australian Labor Party.
It should be noted that senior officials from all over the world often use the international press to express its position on any issue. For example, in 2006-2008 in the British newspaper The Financial Times article came out, Minister for Foreign Affairs of Russia Sergey Lavrov, Deputy Prime Minister and Finance Minister Alexei Kudrin, and Prime Minister Vladimir Putin.

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