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Putin says U.S. is a “parasite” on global economy

Posted By admin On August 1, 2011 @ 2:05 pm In Featured Stories,Tile | Comments Disabled

Reuters [1]
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.

Full story here. [1]

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[1] Reuters: http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801

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