Putin names solutions to global recession

Russian President Vladimir Putin said during his live Q&A show that the G20 summit had named soft financial regulation and free money for economy or budget consolidation, reduction of inefficient expenses and balancing of macroeconomic indicators as solutions for the global economic recession.Putin said that part of money was spent on development and projects, mainly the development of infrastructure. The BAM, Trans-Siberian Railway, another transportation ring around Moscow were some of the infrastructure projects he named.

Russian President Vladimir Putin said during his live Q&A show that the G20 summit had named soft financial regulation and free money for economy or budget consolidation, reduction of inefficient expenses and balancing of macroeconomic indicators as solutions for the global economic recession.

Putin said that part of money was spent on development and projects, mainly the development of infrastructure. The BAM, Trans-Siberian Railway, another transportation ring around Moscow were some of the infrastructure projects he named.