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Hovik Abrahamyan Speaks About Global Financial-Economic Crisis

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  • Hovik Abrahamyan Speaks About Global Financial-Economic Crisis

    HOVIK ABRAHAMYAN SPEAKS ABOUT GLOBAL FINANCIAL-ECONOMIC CRISIS

    armradio.am
    21.07.2010 17:30

    President of the National Assembly of Armenia made a speech at the
    third World Conference of Speakers of Parliament today. Speakers of
    Parliament from 150 countries participate in the Conference.

    Hovik Abrahamyan's speech was dedicated to the global
    financial-economic crisis.

    "In some countries the financial crisis grew into a political one,
    and governments were forced to resign. This comes to prove the
    necessity of reshaping the field of global macroeconomic management
    and regulation of financial markets," Hovik Abrahamyan said.

    "Despite the fact that the main responsibility for resisting the crisis
    lays with the government, the parliaments of our countries should have
    the capacity of making necessary decisions. These include decreasing
    the influence of the crisis on the unemployed and most vulnerable
    layers of society," he noted.

    Touching upon the influence of the crisis on Armenia and reminding
    that on November 12, 2008 the Armenian Government presented its
    anti-crisis program to the Parliament, Hovik Abrahamyan stated:
    "The National Assembly of the Republic of Armenia played an important
    role in the process of alleviating the consequences of the financial
    crisis. In close cooperation with the President and the Government,
    the Parliament managed to adopt and implement necessary legislative
    amendments for realization of the anti-crisis measures."

    According to Hovik Abrahamyan, "thanks to joint efforts the world is
    able to solve the existing problems and move forward towards stable
    development and peaceful co-existence."




    From: A. Papazian
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