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FX.co ★ Who should foot the bill?

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Forex Humor:::2013-10-14T14:00:00

Who should foot the bill?

The huge problems of the world’s biggest economy U.S. economy have left their negative consequences worldwide, including Russia. The most of massive-scale economic occasions are somehow linked to the U.S. economy. The partial U.S. government shutdown and the troubled budget mean the alarm trigger for other countries as well. While delivering his speech at the State Council, Russia’s President Vladimir Putin highlighted the importance of the overseas scenario and brought into focus the enormous repercussion of these problems on the global state of affairs. Putin gave an executive order to develop draft arrangements that were supposed to ensure the routine service of all state agencies. In case the economic performance declines, the authorities adopted a resolution on expanding the government budget’s reserves for 2014. “I would like to point out that the only thing that I suggest free from any amendments is the government’s reserves. At my request, they will be adjusted upwards as compared to the initial draft. Currently, we are going through the complicated period. The world economy is in the troublesome environment. Thus, the government should have possibilities to be alert to the situation. The government should have a powerful tool if it goes to the least favorable direction,” the president stated his views. It is worth reminding that the draft budget is going to be scrutinized by the Parliament near at hand. Citing the president, it should be taken into account that nowadays it is hard to differentiate what is a top priority and what is of secondary importance. All aspects require certain injections. So, it is essential to reach a balance.

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