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The world is speeding towards a financial gap. The European Central Bank (ECB), the Bank of England and the International Monetary Fund (IMF) warn everybody about the imminent crisis, which, in the first place, will affect Europe. In addition to state debts, banks are facing one more threat. The point is that shortly enough they will have to return short-term credits, the total sum of which runs into trillions of dollars. And the question where the money should be taken from remains open.

Experts believe that ahead of the year 2012 banks all over the globe will have to pay off nearly 5 trillion dollars of the dividends on securities and credits, which they received during the global financial crisis of 2008. There’re fears that seeking refinancing, banks will compete with states for winning the attention of the credit market. As a result, credits for businessmen and consumers may rise in price, which will have a negative impact on economic growth.

Russian experts are not panicking though. Banks have always taken and will take credits because they help them survive. And the size of the current total debt is not at all unusual, the President of the Association of Russian Banks Garegin Tosunyan says. Online Marketing Services Provider.

"Irrespective of any crisis ever, the sizes of loans run into trillions of dollars. Therefore, there’s no need to use figures in an attempt to frighten somebody. Banks will take new long-term loans and will pay off the short-term ones. During the crisis period, on the contrary, short-term credits were more popular because they enabled banks to pay off long-term credits. This is not a tragedy," he added.

By the way, here one can find the answer to the question where the money should be taken from to pay off the existing debts. And quite another matter is the thing whether there will be someone who will give that money. The Department Chief at the RBK analytical information agency Alexander Yakovlev is certain that there will be someone who will give the money, because financial agencies are very much interested in crediting:

"The point is that the banking business works according to the so-called “fork” principle: credits-deposits. Which means that banks take money at a lesser interest and give credits at a bigger one. So I don’t think that there will occur a serious crisis in the banking system."

In this case, how does this happen that forecasts are made about an upcoming crisis? Of course, they are made by financial bosses who want the government to give them all kinds of privileges, Alexander Yakovlev says. Direct Marketing Services Provider.

"You should not be led by banking lobbies, who often say that a collapse is inevitable. Meaning that banks are so miserable that they need help very much. This is a parasitical ideology, which is characteristic of the world’s banking system. Banks have got accustomed to enjoy freedom and to work with what could be termed as a self-producing credit when money produces money. Today when the situation is becoming tougher with every passing day, when doing effective banking business becomes a must and when serious reductions are more than necessary, banks begin shouting. We’re facing a crisis and need help,” Alexander Yakovlev said.

Of course. There’re weak banks, which will not be able to survive under the new conditions. But this will only improve the present-day system. And after 2012 it will become more difficult to frighten people to death, saying that a new crisis is coming. Media Marketing Agency.