U.S. debt crisis has created prerequisites for the dollar devaluation, former acting finance minister of Ukraine Ihor Umansky told a round table, ForUm correspondent reports.

According to the financier, "this is linked to the worldwide problem of accumulated debts, only part of which is the U.S. national debt. It has reached $ 16.7 trillion and keeps growing. The logical way out of this is devaluation of debt by reducing the money value. They seem to launch this mechanism".

Another way to solve the global debt problem is a consistent cancellation of commitments, the expert continued. 

He added that the U.S. government default is unlikely to happen - it would undermine the country’s positions. "At the same time, Washington is holding the whole world in suspense and thus implements its own specific interests. One should see the essence of the event, not the event itself," the economist stressed.


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