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Putin doesn’t rule out second wave of global crisis, hopes for the best

"I am confident that joint work adds stability to the global, European and bilateral economic systems," he said

IGORA, Leningrad region, June 22 (Itar-Tass) — President Vladimir Putin does not rule out a second wave of the global financial crisis.

“We should hope for the best but be prepared for anything,” he said. “We should not focus on global economic apocalypses; let us work and hope things will improve instead of getting worse.”

He said Russia was preparing for various scenarios. “We are upgrading anti-crisis measures, accumulating resources, implementing a long-term development program and broadening relations with neighbors, such as Finland. I am confident that joint work adds stability to the global, European and bilateral economic systems,” Putin said.