Word: gaidar
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Market reform is in retreat as well. The day after President Clinton finished his Moscow summit, Yegor Gaidar, chief architect of economic reform, resigned. Four days later, Boris Fyodorov, the other major reformer, was purged from the government. The ruble is collapsing. The Prime Minister talks of a return to wage and price controls...
Sachs said his resignation was prompted by the January 20 appointment of two strident anti-reformers to Yeltsin's cabinet, who replaced Sachs' key allies within the cabinet, Vice Premier Yegor Gaidar and Finance Minister Boris Fyodorov...
...have been swift to heed the electoral message that when Yeltsin does not offer his coattails, they risk a ride into oblivion. While Yeltsin remained silent after the electoral returns, his confidant Mikhail Poltoranin warned, "Fascism is creeping in the door opened by our divisions and our ambitions." Yegor Gaidar, who heads Russia's Choice, the largest reformist party, and is architect of Yeltsin's economic reforms, was more blunt, calling upon the three reformist parties to "lay aside all ambitions and disagreements" to forge a "united front...
...biggest clue as to whether Yeltsin is ready to move closer to the political center will come in his dealings with such radical reformers as Gaidar, Finance Minister Boris Fyodorov and Foreign Minister Andrei Kozyrev. The President may decide that the time has come to jettison all or some of them from his team in the interest of building a consensus for reforms that proceed at a slower pace and demand less exacting social sacrifices. Last week he signalled his anger at the nationalists' strong showing by firing his chief legal adviser and the chairman of a television company that...
...reformers in Moscow, freed from parliamentary veto, will have to deliver on some of the promises. Yeltsin had already reappointed his reformer in chief, Yegor Gaidar, as Deputy Prime Minister, the post he lost last December under pressure from parliament. Gaidar says his top priority will be to rein in inflation, which was running at 21% a month in September and at a predicted rate...