Yeltsin Speaks

NPR's Anne Garrels reports from Moscow that after days of silence, President Boris Yeltsin has spoken publicly on the current financial and political crisis — and he has ruled out early resignation. Yeltsin said he would serve out his term, and would not dissolve the parliament, which has been seeking to impeach him. He acknowledged that the future will be painful, but promised to try to protect citizens' savings. The president did not say how this would be done when the ruble is losing value daily and the banking sector is on the verge of collapse.

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