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Armenian Prime Minister Does Not See Any Danger Of Financial Crisis

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  • Armenian Prime Minister Does Not See Any Danger Of Financial Crisis

    ARMENIAN PRIME MINISTER DOES NOT SEE ANY DANGER OF FINANCIAL CRISIS

    Noyan Tapan
    Oct 22, 2008

    YEREVAN, OCTOBER 22, NOYAN TAPAN. The main cause of the international
    financial crisis is the mutual distrust of financial market
    participants and the expectations of negative developments, Armenian
    Prime Minister Tigran Sargsian said when responding to a question of
    deputies at the RA National Assembly on October 22. Speaking about
    the possible impact of the crisis on Armenia, he said that there are
    no such signs in the country. T. Sargsian expressed his disagreement
    with the proposal to form gold reserves, saying that the Armenian
    economy has not yet grown to such an extent that the country could
    afford to accumulate wealth in the form of gold.
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