Putin: Don't be Afraid of Russia: We are civilized!

The economies of the United States and Western Europe are on the edge of recession again. It is not clear when and how the current problems are going to be solved. Russian Prime Minister Vladimir Putin said at the economic forum in Sochi. He also said that he did not see any clarity about the recovery of the world's largest economies. Western publications agree with Putin. They believe that the US economy is very close to the moment when it begins to decline. Many experts doubt that the Federal Reserve System will be able to do anything to change the state of affairs for the better. According to Putin, the crisis of sovereign debts of developed countries means that politicians, economists, and investors have to think about traditional approaches. "The summer shake-up in global economy has proved it again - the models of development based on growing debts don't work," Putin said. According to him, it is obvious that the recent leaders of the economic development lose their positions and can no longer serve as examples of the macro-economic policy of the rest of the world.