Govt borrowing to pressure capital markets in coming years
MOSCOW. Dec 8 (Interfax) - The capital markets will come under pressure from sovereign debt issues in the next few years, Deputy Prime Minister Alexei Kudrin, who is also the country's finance minister, said at a conference organized by Vnesheconombank (VEB).
"Governments will be the key borrowers in the next couple of years," he said.
"We'll have a new situation on the sovereign debt and capital market, and the market's stability will depend on countries' new policies and how cautious they are," he said.
"The massive injections that government's are carrying out now will reflect on these countries in the near future, on their opportunities to support new programs and compete on the capital market," he said.