MOSCOW, October 2.— Russian President Dmitry Medvedev announced today that the era of U.S. economic domination is over and the world needs a more equitable financial system, EFE reports.
"The problems generated by the financial crisis demonstrate that the era of domination by one single economy has been left behind," said Medvedev, who was attending a political forum in St. Petersburg together with German Chancellor Angela Merkel.
According to the Kremlin leader, "in order to find a solution to the current crisis, generated to a considerable extent by financial egotism, collective measures are needed," according to the Interfax agency.
"We must work together to create a new and more just world economic and financial system, and ensure that it is based on the principles of multilaterialism, the supremacy of the law and mutual respect of interests."
For his part, the on Wednesday, Russian Prime Minister Vladimir Putin accused the U.S. authorities of being "incapable" of taking the necessary measures to stem the current financial crisis.
"It is not so much the irresponsibility of specific officials but the irresponsibility of the system that, as is known, attempted to be the world leader," stated Putin during a meeting with the Russian government.
Translated by Granma International
Source: http://www.granma.cu
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