So we continue to believe that Iraq will move towards -- if not always in a direct, straight line -- move towards greater stability and greater security.
Unlike the classical gold standard, there is no market feedback mechanism to bring the quantity of money in line with the demand for money while maintaining long-run price stability.
The Kremlin line is that the teamwork between Mr Putin as prime minister and Mr Medvedev as president will guarantee stability, creating a good base for more liberal reforms.