In 21st century, the world experienced three “global shocks” that have changed the world dramatically, said Dr. Condoleezza Rice, 66th Secretary of State of the United States in her special speech at the session on “The Future of the Global Order and Security” of the 9th Yalta Annual Meeting.
Tactics employed by international financial institutions and European governments to combat the economic problems are to be changed, stated former Managing Director of the International Monetary Fund Dominique Strauss-Kahn at the session on "The Future of the World Economy" of the 9th Yalta Annual Meeting.
European countries are to seek more drastic remedies to combat the debt crisis. In particular, to opt for national debt restructuring and their transfer to the market zone. Otherwise, the debt load would hamper economic growth in the euro-zone and result in economic stagnation, stated the Minister of Finance of the Russian Federation (2000-2011) Alexei Kudrin in the course of “The Future and the World Economy” discussion at 9th Yalta Annual Meeting.