OREANDA-NEWS. July 26, 2012. The Government knows how to counter the threat of recession of the European economy, and it has a package of measures to minimize the negative impact of the economic downturn. The Prime Minister of Ukraine Mykola Azarov said this at a session of the Cabinet of Ministers.

“Economic recession in the euro zone is not a ghost, to that experts scare, but it is a reality. And the answer, European governments have not yet answer how to avoid the crisis. And the European market for us is a third of exports” – Mykola Azarov noted.

He stressed that the Government has what to counter to such an obvious threat.

“There is a recipe, which confirmed by two and a half years of economic recovery from the ruins and chaos. These are political stability and increasing domestic demand – he said. Agreed policy allows all branches of government to respond flexibly to challenges and the development of domestic market protect from external risks”.