Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Mo who wrote (33)	3/23/1998 11:36:00 PM
From: Real Man	Respond to of 1301

I am. I expected a 10% slide or more. This is insane. Show 'em who is in charge! But I guess, the next government will be more reformist, or so the market has decided (Chernomyrdin is not a reformer). Now Kirilenko is likely to form a better government. -Vi

To: Mr. Mo who wrote (33)	4/3/1998 7:36:00 PM
From: Real Man	Read Replies (1) \| Respond to of 1301

Here is your major slide... We are down 10% since the political instability started. Such instabilities were buying opts in the past, but we'll see now. The messages I get from inside Russia sound very pessimistic (about the government, and the situation in the country). -Vi MOSCOW, April 3 (AFP) - President Boris Yeltsin insisted Friday that he would set the formation of the new government, ruling out a coalition cabinet with his political foes and vowing to persist with tough economic policies. After agreeing Thursday to give his opponents in parliament a say in Russia's political and economic future, Yeltsin insisted that this concession would yield neither a coalition government nor a revision of Russia's economic course. "The president has demonstrated his political will to have talks with (parliament) on the question of the formation of the government," Kremlin spokesman Sergei Yastrzhembsky said. "This does not mean in the slightist that the president is in favour of forming a coalition government," Yastrzhembsky said, adding that such a government was "unacceptable" to the president. The spokesman said Yeltsin would ensure that his new premier-designate Sergei Kiriyenko and his team remained committed to tight fiscal policies, low inflation, a stable exchange rate and guaranteed property rights. The brief yet unambiguous manifesto served as a reminder to parliament and its strong Communist contingent that Yeltsin was unlikely to concede much ground to his opponents in the State Duma lower house of parliament at a roundtable of political leaders that Yeltsin is to convene on Tuesday. The Duma would favour the speaker of the upper chamber if he were nominated as prime minister, the Duma speaker Gennady Seleznyov said Friday. Duma deputies would back Yegor Stroyev if he were to be nominated in place of Kiriyenko, Seleznyov told the Interfax news agency. The Communists, who have demanded a coalition government ever since they became parliament's largest bloc in 1995, have warned that political compromise with the president is only possible if Yeltsin agrees to change the "destructive" course of his government's economic policy. The roundtable was one of several conciliatory gestures granted by Yeltsin Thursday in an effort to defuse the escalating row between president and parliament, which was sparked by his abrupt dismissal of the government on March 23. His subsequent appointment of young technocrat Kiriyenko and threat to dissolve the Duma if it did not rubber-stamp his government revamp touched off a furore which has threatened to degenerate into the gravest political and constitutional crisis in Russia since an October 1993 parliamentary uprising. Duma leaders, and the strong Communist contingent in particular, have vowed to reject Yeltsin's protege, arguing that with just four months' experience in the cabinet he is little more than an inexperienced Yeltsin puppet. Originally Kiriyenko, 35, had been due to face a baptism of fire this Friday in the hostile Duma, where he was due to present his plans for tackling Russia's pressing social and economic predicament before bracing for a vote on his candidacy. The vote is now most likely to go ahead next Friday, giving deputies time to reflect on the candidate and his program after Tuesday's gathering of Russia's political heavyweights. Communist leader Gennady Zyuganov reiterated Thursday that his bloc and its allies would vote against Kiriyenko three times if necessary, maintaining the spectre of dissolution of the assembly. But in reality few expect the Duma to muster a majority on three occasions against the nominee. "Kiriyenko will undoubtedly win in the second or third round because deputies for sure have no interest in the dissolution of the Duma," said Yevgeny Volk of the Heritage Foundation think-tank.