Moscow expects Georgia to go bankrupt
By Messenger Staff
Friday, May 28
Russian scholar Alexander Krylov from the Institute for World Economics and International Management thinks that Russia is expecting the year 2013 to be crucial in Georgia’s development, as in this year Georgia will have to pay back foreign debts of USD 771 million, more than a quarter of Georgia’s entire 2009 budget. Russian analysts think that if Georgia cannot find this amount it will default.
Krylov says that The Kremlin is probably betting on Georgia defaulting, as it would then be able to take Georgia over without too many problems. He thinks that the Georgian opposition is not strong enough to achieve any results Moscow would want and the Georgian Government has enough resources available to suppress the opposition, which is why it is taking this economic approach to the issue.
Krylov says that The Kremlin is probably betting on Georgia defaulting, as it would then be able to take Georgia over without too many problems. He thinks that the Georgian opposition is not strong enough to achieve any results Moscow would want and the Georgian Government has enough resources available to suppress the opposition, which is why it is taking this economic approach to the issue.