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03 September, 1998
Prime Minister Costas Simitis was hopeful yesterday that a financial crisis in Russia that has buffeted world markets would soon be under control.
Mr. Simitis quoted European bankers as saying it would not be long before the crisis was defused.
"Developments may seem uncertain but this does not necessarily mean that they will be negative," he said. The prime minister was speaking to reporters before a meeting with President Kostis Stephanopoulos.
The two officials discussed the impact of a plunge in world stock markets resulting from the Russian crisis, domestic economic policy for 1999, relations with Turkey and the Cyprus question.
Source: Athens News Agency