Economy
12:15 21/02/2009
CRISIS HAS MANY SIMILARITIES WITH SOVIET SYSTEM COLLAPSE
Investor and millionaire George Soros compared the current situation of the world financial-economic crisis to the demise of the Soviet Union, reports Reuters. He said that the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Soros said at a Columbia University dinner the turbulence is actually more severe than during the Great Depression. He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system. “We witnessed the collapse of the financial system,” Soros said.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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