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Thread: Putin: Russia will join the euro one day

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    Arrow Putin: Russia will join the euro one day

    Putin: Russia will join the euro one day
    Vladimir Putin said it is "quite possible" that Russia will one day join the eurozone and create a currency that would eclipse the US dollar as the global reserve standard.


    Russian President Dmitry Medvedev, left, and Russian Prime Minister Vladimir Putin.

    Speaking at a conference in Germany the Russian prime minister, who is in the country for talks with Chancellor Angela Merkel, said he was convinced the euro would stabilise and strengthen despite the current sovereign debt crisis.

    He said: "Yes, there are problems. But the economic policy of the European Central Bank and of the governments of leading European economies ... convinces me that the stability of the euro will be ensured."

    He added: "We know there are problems in Portugal, Greece, Ireland and the euro is wobbling a bit. On the whole it is a solid, good currency and it should take its place, its role as a reserve currency."

    Asked about Russia's role in the eurozone in the future, Mr Putin said: "Can it be supposed that one day Russia will be in some joint currency zone with Europe? Yes, quite possible."

    Speaking at the same event, Josef Ackermann, chief executive of Deutsche Bank, echoed Mr Putin and said he could imagine Russia joining a common European currency.

    Mr Putin said that for the past decade there has been a reliance on the dollar that needs to be rebalanced as it makes the world economy vulnerable. "We should move away from the excessive monopoly of the dollar as the only global reserve currency," he said.

    But the Russian prime minister was critical of European laws intended to improve transparency in energy supply and distribution. He claimed the "Third Energy Package", aimed at liberalising the market, will hinder investment and amounts to uncivilised "robbery". Moscow claims that the measures devalue the European assets of Gazprom, the state-controlled gas giant.

    Mr Putin said: "We often hear from our partners in Europe and North America: 'If you want to be members of a global family of civilised nations, you should behave in a civilised way.' What is this then? Have our colleagues forgotten the basic principles?"

    Meanwhile, Russia's finance minister, Alexei Kudrin, has said the country's banks may buy stakes in the UK's "large" financial companies.
    He claimed that VTB Group, Russia’s second-biggest lender, is among the banks interested in acquisitions in the UK.

    During Vince Cable's trade mission to Moscow, the Business Secretary said he would “welcome” Russian investors.



    Wake up and smell the coffee.


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    What do the euro hating Putinists of this forum think about the words of their demigod?

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    Veteran Member The Lawspeaker's Avatar
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    I am f.cking amazed, frankly.
    Flabbergasted but all for it as it would stabilize the currency and ensure a more stable European economy. But I am quite sure that it won't be for tomorrow.



    Wake up and smell the coffee.


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    You've got to admit, his timing is impeccable - the Euro is on its knees and he proposes joining. Good 'ol Putin

    Spoiler!

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    Quote Originally Posted by celtabria View Post
    You've got to admit, his timing is impeccable - the Euro is on its knees and he proposes joining. Good 'ol Putin
    We only have translated quotes from the public statements made by Putin. And Putin is a master of the political chessgame, I am more worried about what he does not say about this in the public. The EU are in for economic hard times and here comes Putin with an offer to join. Either he making fun of the Eurozone, or he is trying to get something from Brussels.

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    Quote Originally Posted by Groenewolf View Post
    We only have translated quotes from the public statements made by Putin. And Putin is a master of the political chessgame, I am more worried about what he does not say about this in the public. The EU are in for economic hard times and here comes Putin with an offer to join. Either he making fun of the Eurozone, or he is trying to get something from Brussels.
    Yes, he's probably going to tie Russia's and the EU's economies together for Russian gain and to make Europe dependent on Russia.

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