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Lukashenko Explains Cause of Crisis
Belarusian President Alexander Lukashenko thinks the main reason for the global credit crisis is Western corruption. “At the base of the current credit crisis is the huge amount of world corruption, which has penetrated the highest levels of power in Western governments,” he stated, according to a report by Interfax.
Lukashenko also stated that his country managed to handle the negative influence of the crisis thanks to its model of state management. “I said long ago that the state should not and cannot leave a single sphere of social activity. Today, against the background of mounting crisis, even the Americans have come to that conclusion,” he said, as quoted by RIA Novosti.
It became known yesterday that the Belarusian government and National Bank has applied to the International Monetary Fund for $2 billion in reserve credit to fight the effects of the crisis. The National Bank claims, nonetheless, that the crisis has not affected it yet. Russia has also agreed to give the country a credit in the same amount.
The global financial crisis began in 2007 and affected economically developed countries first, including the United States and Great Britain, which are on the verge of recession.
www.kommersant.com
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