CNN: Today, Russia's finance minister made a rare admission of responsibility for the country's severe economic crisis.
The Russian government overspent its vast oil revenues in recent years, fueling inflation, and failed to diversify the national economy, Finance Minister Alexei Kudrin said in an exclusive CNN interview.
Kremlin officials usually blame the West, and specifically the United States, for the global economic crisis.
Meanwhile, pigs are flying, hell has frozen over, and monkeys are in fact flying out of my butt.
5 comments:
Kudrin is the only one who has a clue.
"The Russian government overspent its vast oil revenues in recent years, fueling inflation, and failed to diversify the national economy, Finance Minister Alexei Kudrin said in an exclusive CNN interview."
Ours also did *the same*, however, all we hear is about "continuous economic development" despite GDP was really down even in government statistics.
A brave man Kudrin is, if he can acknowledge!
link
Yeah LM, Azerbaijan's 39% GDP growth (in one year!) was a bit hard to sustain.
=)
Very interesting. This reminded me of a great article I read in RFE/RL, which actually predicted Kudrin taking the fall called "Kudrin in the Crosshairs" if anyone's interested.
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