PM: World leaders do not see economic apocalypse

  • 2012-09-13

VILNIUS - World leaders do not see a potential threat of apocalypse in the economy, says Lithuanian Prime Minister Andrius Kubilius.

"There were somewhat unclear forecasts but non of them spoke about some kind of economic apocalypse when the world's economy would on the brink of collapse. On the opposite, we share the opinion that the world can come out of this crisis stronger and recovered," he said about the World Economic Forum (WEF) participants' forecasts in an interview with the radio Ziniu Radijas.

Kubilius says that all participants reached an agreement that the economy should be development by promoting competitiveness and international trade.

"Global competition is not something to be afraid of. We must get to know it in order to get rid of fears," he said.