Liquidity vs. Solvency – A Choice with Profound Implications for Dealing with the Crisis and the Recovery Period, and, Most Importantly, for Post-Crisis Global Economic Security

In an interview with Voice of America television, Dr. Alexander Mirtchev, a prominent economic policy practitioner and president of Krull Corporation, answered questions about the challenges faced by the governments worldwide in dealing with the financial crisis and the economic downturn. He offered his comparative analysis of rescue options and current measures available to the governments of the U.S. and other G-7 economies and the large emerging markets such as Russia, Brazil and China. “Even though the greatest focus has been on the U.S. and other developed economies, the financial crisis and the concurrent steep economic downturn that are mutually interlinked and reinforcing each other, are a global phenomenon,” indicated Mirtchev.

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