Wednesday, June 1, 2011

Does lead the African revolution to the financial crisis?

Politics and economics - two interrelated things. One without the other does not happen. Many representatives of the banking business in Russia closely followed the dramatic events in the African region, where recent intensified protests. Should I fear the bankers? This is something we have talked to the Chief Executive Officer of IFC Metropol Alexei Rodzianko. - Do you agree with the fact that the situation in North Africa might lead to a second financial crisis? - Firstly, it seems that events in North Africa would not lead to financial crisis - the crisis was caused by a specific margin of credit policy. This imbalance are not the whole world and the banking system is now much more carefully positioned so the global crisis is unlikely to occur. The only thing that can happen - if the revolution will spread further. World politics may undergo some changes. But I think that this can be avoided. - What are the consequences could have multiple of the revolution? - Revolutions are concentrated in the Arab world, where a very long time, there are authoritarian regimes without the possibility of change through elections and, of course, when the pressure increases, the steam needed to produce. Here, the consequences could be different. The most favorable - it is when these revolutions will lead to reforms that would entail a more stable form of government, more opportunities for society to express their desire, resentment, etc. And the reverse can happen - the radicalization that leads to power the new authoritarian regimes - the younger, more abruptly than those who left. That is, different options and what they will, we do not know. - Which in this case the most favorable scenario? - I think that the most favorable - the scenario where a form of government and state institutions will be more responsive to the aspirations of its people and that, ideally, be moderate in its foreign and domestic outlook on life. - Till what level can reach the price of oil? - I think they'll make it up to the level to which they arrive. In the world there is acute shortage of oil, so a strong rise in prices does not seem very likely. On the other hand, the downward correction in the relaxation of tension - a very possible option. - What threatens this level of prices in Russia? - If they (oil prices) are falling heavily, it threatens to unbalance the budget of Russia. When they grow, the pressure on consumers in Russia. That is, both in Russia and around the world, probably more optimal moderate energy prices.

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