This is from Dmitry Medvedev's joint press conference with Angela Merkel following the Petersburger Dialog: One of the complicated issues we discussed was the financial crisis. We have realised once again that the current global financial security system, like the international security system in general, unfortunately no longer meets today’s demands. The flaws in the economic policy and development model pursued by the United States of America over these last years lie behind the problems that have arisen, and we are paying for this today. (...) As far as the current financial situation and the current financial architecture is concerned (this is something the Federal Chancellor and I discussed today), it is absolutely clear that the existing system is no longer able to maintain the international financial system in a balanced state and gives us no protection against this or that country making decisions that will subsequently set off a chain ...