LaRouche Calls Russian Eurobond Sales Really Dumb

February 12, 2010 (LPAC)—As promised, the Russian government is moving to sell its first state foreign debt since 1998. On Feb. 5, Bloomberg.com reported, Kudrin's Finance Ministry announced via its web site that Russia has hired Barclays Capital, Citigroup, Credit Suisse Group AG, and (its own) VTB Capital to organize the bond flotation. Finance Ministry officials have said Russia wants to raise up to $17.8 billion through Eurobond sales this year. Said Deputy Finance Minister Dmitri Pankin on Feb. 5, "Our goal is to show that we're different from Greece or Portugal, which have to borrow to cover their budget deficits."

Lyndon LaRouche said of the Krudrin crowd behind this move: "They are dumb. They don't learn."

In a major speech on economic policy, delivered Jan. 13, former Prime Minister, Academician Yevgeni Primakov, reported that Prime Minister Putin himself has been opposing the push by Kudrin's Ministry of Finance to return to the Eurobond market and favoring internal generation of long-term credit for real economic development.

 

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# 4,112:

4:56 am PST, Feb 12, Calvin Keats, Canada
People of Iceland, you are not alone in the struggle. The whole world is being cornered into subjugating to the banking system more and more. I truly hope that you the people of Iceland will fight against the IMF and put a stop to debt-slavery. There truly is no need for money - especially the money created out of thin air for the elite and corporations while you the common people have to remain in perpetual servitude with your skills and labor. We in Canada are on your side.

# 4,106:

8:41 pm PST, Feb 11, Leslie Braun, Canada
We're with you. Keep your strength and vote for freedom, and we all win with you. We are awakening, and Now is the time to take back our planet for our children and Ourselves!