Armenian Premier Views Macroeconomic Stability Important In Struggle Against Crisis

19.10.2011 21:42
Armenian Premier Views Macroeconomic Stability Important In Struggle Against Crisis

YEREVAN, October 19. /ARKA/. Armenian Prime Minister Tigran Sargsyan thinks the government, first of all, should ensure microeconomic stability, keep watch on budget deficit and foreign debt controllability as well as attract additional financial resources to ward off the double-dip crisis.

At his meeting with students and professors at Saint Petersburg State University of Economics and Finance, he said that Armenian government is guided by this logic in its anti-crisis policy.

“Working groups at the Commonwealth of Independent States come up with additional proposals on how to resist adverse development in our economies by joint efforts,” Armenian government’s press office quoted him as saying.

The premier also said that the agreement signed Tuesday at CIS prime-ministerial meeting to establish a free trade zone would contribute to mitigation and prevention of possible strikes of the global crisis as well.

The agreement implies simplification of legal ground for trade and economic relations among CIS member countries. It also implies replacement of some multilateral and about 100 bilateral documents regulating free trade regime in the Commonwealth’s territory.

Commenting on his Russian counterpart Vladimir Putin’s proposal to establish Eurasian union on the post-soviet space, Sargsyan said that Armenia finds it a forward-looking and timely proposal.-0---


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