half million revelers descended on the russian capital downtown area turning it into a giant street passy. my wish is it my children are happy and successful that's the most important thing that i mean it's not that we wish them and everyone health and happiness let them ski and fly and have you know enemies. wishing boys and girls everywhere a very happy new year. my warmest congratulations for the new year be healthy everyone and support our sochi winter olympics. on red square itself numbers were limited to twenty five thousand those who braved the elements to claim their spots early on when not disappointed on the stroke of midnight the kremlin's clock tower rang out. marking the beginning of the night's main celebrations. the music only stopped for a policy goal is to listen to president nevada's new year address shown on big screens across the capital. but it was or start a good look as we see the old year out we remember it's joyful and sad moment and hope that next year will be good and successful for all of us and for our country we will build a modern russia together that is a s

at the opposite, sometimes my impression is fear, submission, pa passi passivity. for some it was difficult to understand the difference between the cycle and the crisis. crisis is not about bad weather conditions. it is a radical change of social, moral, legal, political power. these crises provide a dramatic change in the velocity of the world with. the impact on europe of the discovery of america was dramatic. but two centuries long. the economic discovery of asia, the engine of globalization is equally dramatic on europe but is only two decades olds. governments that are not prepared areville of globalizati globalization. finding this ridiculous from a political point of view. that is an example. first step, the position of government was some regulation on the financial world should be required. second step, this kind of regulation must be provided by the bank. preparing their own regulation. third step, banks are important to the government for their own law. another similar and example in the case of public sector. first, public debt was the medicine of seco