Putin says U.S. is "parasite on world economy"

Russian Prime Minister Vladimir Putin has accused the United States of living beyond its means, according to reports.

Izvor: Tanjug

Tuesday, 02.08.2011.

09:59

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Russian Prime Minister Vladimir Putin has accused the United States of living beyond its means, according to reports. He described that country as a "parasite on the global economy". Putin says U.S. is "parasite on world economy" Dominance of the U.S. dollar, Putin continued, represents a threat to the financial markets. "They are living beyond their means and shifting a part of the weight of their problems to the world economy," Reuters quoted the prime minister as saying. Putin was touring the pro-Kremlin youth group Nashi, north of Moscow. He also noted that Russia holds a large amount of U.S. bonds and treasuries, and that a "systemic malfunction" in the United States "will affect everyone". "Countries like Russia and China hold a significant part of their reserves in American securities. There should be other reserve currencies," Putin was quoted as saying by the news agency. (Beta)

Putin says U.S. is "parasite on world economy"

Dominance of the U.S. dollar, Putin continued, represents a threat to the financial markets.

"They are living beyond their means and shifting a part of the weight of their problems to the world economy," Reuters quoted the prime minister as saying.

Putin was touring the pro-Kremlin youth group Nashi, north of Moscow.

He also noted that Russia holds a large amount of U.S. bonds and treasuries, and that a "systemic malfunction" in the United States "will affect everyone".

"Countries like Russia and China hold a significant part of their reserves in American securities. There should be other reserve currencies," Putin was quoted as saying by the news agency.

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