Monday, August 1, 2011
(Reuters) – Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means “like a parasite” on the global economy and said dollar dominance was 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,” Putin told a Kremlin youth group while touring its summer camp north of Moscow.
“They are living like parasites off the global economy and their monopoly of the dollar.”
President Barack Obama announced a last-ditch deal to cut about $2.4 trillion from the U.S. deficit over a decade, avoid a crushing debt default and stave off the risk that the nation’s AAA credit rating would be downgraded.
This article was posted: Monday, August 1, 2011 at 2:05 pm