Crisis Legal NewsClick here to add this website to your favorites
Crisis News Search >>>

Russian Prime Minister Vladimir Putin called the world financial crisis a "perfect storm" whose destructive powers were multiplied worldwide, and urged economic rivals to work together to find an exit route.

The sometimes combative Putin struck a sober tone in the keynote address at the World Economic Forum on Wednesday, where he was indirectly critical of the U.S.

"The pride is gone," said Putin, referring to Wall Street hubris. His own country has fallen hard over the past year, seeing its currency plunge and once massively rich magnates lose billions.

Putin said economists and politicians should always be ready for such a crisis, saying it was as inevitable as the Russian winter.

The crisis differs from the Great Depression of the late 1920s and the early 1930s because it "has affected everyone at this time of globalization," he said. "Regardless of their political or economic system, all nations have found themselves in the same boat."

He refrained from directly blaming the United States for the crisis — but pointed out that just a year ago at Davos, American delegates emphasized the U.S. economy's fundamental stability.

© Crisis Legal News - All Rights Reserved.

The content contained on the web site has been prepared by Legal Crisis News
as a service to the internet community and is not intended to constitute legal advice or
a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 Law Firm Web Design Information
Law Promo can construct your law firm a brand new responsive website, or help you redesign your existing site to secure your place in the mobile world. We believe our work speaks for itself by showcasing quality design while reflecting our extensive experience in the online legal marketing industry. Law Firm Website Designs by Law Promo.| Law Firm Logo Design
   Latest Crisis Legal News
   Sponsored Links
Chicago Business Law Attorney
Corporate Litigation Attorneys
Fort Lauderdale Criminal Defense Lawyer
Miami Sex Crimes Lawyer
Fort Washington Employment Law Firm
Attorney Marc E. Weinstein
Santa Ana Workers' Compensation Lawyers
Car Accidents Attorneys
New Rochelle Personal Injury
Eugene Criminal Defense
Law Office of Max J Mizejewski
Family Law. Call 541.505.9872
CPA Accounting Web Design
Finanace Office Web Designs
Lorain Elyria Divorce Lawyer
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
Cobb County Criminal Attorney
Georgia Criminal Defense Lawyer
San Francisco Trademark Lawyer
San Jose Trademark Lawyer
Eugene Chapter 7 Bankruptcy Lawyer
Oregon Chapter 7 Bankruptcy Lawyer