Putin Calls U.S. Debt ‘Serious Problem’ as He Defends Greece
Source: Bloomberg
by Andrey BiryukovAnna Andrianova
July 10, 2015 9:36 AM EDT
Russian President Vladimir Putin speaks at a news conference after the Shanghai Cooperation Organization (SCO) summit in Ufa, Russia, on July 10, 2015.
Photographer: Ivan Sekretarev/AP Photo
Russian President Vladimir Putin warned of dangers to the global economy from U.S. borrowing while saying Greece isnt solely to blame for its debt crisis.
Its a serious problem not just for the United States but for the whole world economy, Putin told reporters Friday in the Russian city of Ufa in response to a question on the prospects of the biggest developing nations. Debt exceeds gross domestic product there.
Putin said hes concerned about Greece and hopes its crisis will be resolved soon, reiterating that Prime Minister Alexis Tsipras hasnt asked him for financial aid. Even so, he said Russia has the resources to help its partners.
Putin is battling his own economic woes after sanctions over Ukraine and a drop in oil prices triggered Russias first recession in six years. This isnt the first time the Russian leader has attacked U.S. economic policy: hes previously derided the dollar monopoly that allows the U.S. to act like a parasite on the global economy.
Read more: http://www.bloomberg.com/news/articles/2015-07-10/putin-calls-u-s-debt-serious-problem-while-defending-greece
geek tragedy
(68,868 posts)At least he's not invading more of his neighbors
NuclearDem
(16,184 posts)cstanleytech
(26,342 posts)as soon as he stops the Russian invasion of the Ukraine and renounces the annexation of the Crimean Peninsula.
jtuck004
(15,882 posts)Not to mention the ongoing damage from Timothy "The Butcher" Geithner, which he wrote about in Stress Test.
They make Putin look like a piker.
NuclearDem
(16,184 posts)He has, however, done plenty to our Russian LGBT brothers and sisters and to Georgia and Ukraine.
Some of us actually give a shit about these issues.
geek tragedy
(68,868 posts)Louie Gohmert would be impressed.
carla
(553 posts)After the jingoism and the insults are used up one might like to find out how big US debt is...
Here: http://demonocracy.info/infographics/usa/world_debt/world_debt.html
Includes graphs for all the major industrial nations...
NobodyHere
(2,810 posts)The US needs to get it's financial house in order.
Elmer S. E. Dump
(5,751 posts)It's all the other things he does that I don't like. I won't give him Kudos because it was purely a political statement.