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starbucks4ever (97.39)

Putin wants to be paid in Euros?

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November 26, 2010 – Comments (2)

Few leaders are eager to join the Eurozone nowdays, as the debt crisis casts doubt on survival of the currency union, but such candidates still exist. Today, the beleaguered Eurozone had to consider one particularly unlikely candidate: 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." 

(http://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-the-euro-one-day.html

2 Comments – Post Your Own

#1) On December 02, 2010 at 10:19 AM, lemoneater (79.39) wrote:

Does he like Euros, because he is tired of the USD dominance? Or because he realizes that it is better to be charming to one's next door neighbors and he needs an improved relationship with Europe.

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#2) On December 02, 2010 at 4:32 PM, starbucks4ever (97.39) wrote:

I think he just wants to save the commission when converting bribes from rubles to euros :)

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