March 5, 2009 - 17:34 AMT
Armenia depending on US and International Financial Institutions
"Gagik Beglaryan's appointment as the City Mayor means that the ruling party, namely RPA, is getting ready for the Elections of Elders' to be held May 31 in the capital of Armenia," said director of Caucasus Institute, political scientist, Alexander Iskandaryan at a press-conference in Yerevan. According to him, we will not experience any hustle and bustle during May31 elections.

The Armenian political scientist emphasized that the internal political situation in Armenia may drastically change for the worse only in case of another dram downfall."Anyway, I don't think it possible.All that could have happened in Armenia under the conditions of world economic crisis, has already happened. There can't be thousands of homeless and hungry people .The power can change in this case only, said the director of Caucasus Institute.

Alexander Iskandaryan also mentioned that at this stage of the crisis the authorities can't do anything. To put it roughly, the way the situation will develop in Armenia depends on US and International Financial Institutions. But if the crisis lasts for another three or four years, then something might really happen, even the change of the power. But no sooner than that, Iskandaryan emphasized.