Putin calls US a parasite on global economy
Last updated on: August 3, 2011 08:37 IST
Calling the United States a 'parasite' on the global economy, Russian Prime Minister Vladimir Putin said, "They are living beyond their means and shifting a part of the weight of their problems to the world economy."
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Putin calls US a parasite on global economy
Last updated on: August 3, 2011 08:37 IST
Putin said the United States is burdening the global economy with its problems and the monopoly of the dollar.
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Putin calls US a parasite on global economy
Last updated on: August 3, 2011 08:37 IST
Putin's hard-hitting comments come in the wake of the US House of Representatives passing the bipartisan bill to avert a massive debt default and reduce trillions in government spending, paving way for the austerity measure to face a Senate vote.
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Putin calls US a parasite on global economy
Last updated on: August 3, 2011 08:37 IST
The Budget Control Act of 2011 was passed by the House of Representatives by 269-161, a day after leaders of both the Republican and Democratic parties and the White House reached an agreement.
The measure seeks to raise the debt ceiling from $14.3 trillion and cut deficit by $2.4 trillion over 10 years.
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Putin calls US a parasite on global economy
Last updated on: August 3, 2011 08:37 IST
Putin said the US may have been toying with the default issue to weaken the dollar and create better conditions for exporting their goods.
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Putin calls US a parasite on global economy
Last updated on: August 3, 2011 08:37 IST
Pointing out that a possible default would have badly affected the global economy, Putin said, "They had enough common sense and responsibility" to avoid a default.
