CAS upholds life ban for ex-president of Russian athleticsSport August 21, 20:03
Police confirms man shot dead in Subirats was Barcelona attack perpetratorWorld August 21, 19:50
Premiere for historical drama Matilda rescheduled for late OctoberSociety & Culture August 21, 19:45
Fire in Russia’s Rostov-on-Don fully containedWorld August 21, 19:37
Russia wins two golds on second day of 2017 Universiade in TaipeiSport August 21, 19:29
Washington’s new strategy in Afghanistan aimed against China, expert saysWorld August 21, 18:43
Russia settles last part of Soviet debtBusiness & Economy August 21, 18:37
Man wearing suicide belt shot dead near BarcelonaWorld August 21, 18:29
Soviet-era ground effect vehiclesMilitary & Defense August 21, 18:28
NOVO-OGARYOVO, March 2 (Itar-Tass) —— Russian Prime Minister Vladimir Putin believes the European Central Bank should act in a more resolute way in conditions of the financial crisis.
“Europe should have acted more resolutely to overcome the debt crisis. There are political considerations as well to tighten financial discipline in the euro zone. It is only vital to avoid a collapse and economic stagnation,” Putin said late on Thursday at a meeting with editors of leading foreign publications.
“If such a balance is achieved, Europe will succeed, and I believe things are turning this way,” he stressed.
According to the Russian prime minister, despite France’s and Germany’s attempts to tighten financial discipline in the euro zone, the European Central Bank might have easily issue more money. “Is it possible to allow the European Central Bank to issue more money, like it is done in Great Britain or the United States, to replenish the necessary fund and pay countries’ debts? Our experts think the European Central Bank should have acted more actively,” he said.
“And, to my mind, it would have led to no inflation surge, as Germany’s and France’s financial authorities fear,” Putin added. “Our experts think there will be no serious consequences. But I think it is obvious that Germany’s and France’s attempts to put some restrictions to the process stem from their commitment to put things to rights in the sphere of macroeconomy and finance.”
He also stressed that Russia is interested to see the euro zone prospering and want the euro to be a stable currency, because up to 40 percent of Russia’s currency reserves are denominated in euros.