Medvedev explained the need for austerity policies

The Russian authorities did not go the way of inflating the economy with money, as it would threaten a return to the situation of the 1990-ies. This was during an interview to Russian television said the Chairman of Russian government Dmitry Medvedev. Broadcast of the meeting is the TV channel “Russia-24”.

“If we had gone the way of inflating the economy with money, we would have increased inflation, once again, depreciated the earnings of our people, pensions would be devalued and would have been impossible at all to plan a mortgage. That is, we would go back to the situation 90 years. Therefore, we have taken a very responsible decision. They were not always easy, but I believe that they were verified,” — said Medvedev (quoted by “RIA Novosti”).

He noted that the plan some rapid development impossible if there are no macroeconomic conditions. “Our economy first fell by 4%, and this year quite a bit, and next year will begin the transition to growth”, — assured the Prime Minister.