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Putin backs Germany position on crisis overcoming in Europe

October 25, 2012, 19:15 UTC+3

He noted that “the systemic crisis in the euro area is linked not only with debts, it is much deeper

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NOVO-OGAREVO, October 25 (Itar-Tass) — Russian President Vladimir Putin believes that the German position to tackle the European debt crisis is right and believes that a system-based approach is needed to cope with it.

“The German leadership takes a pragmatic position and believes that it is necessary to solve the system problems, and then inject extra funds,” the president said at a meeting with members of the Valdai international discussion club. According to him, “Certain monetary actions give only short-term effect.” “It’s like a tablet that removes the temperature, but does not cure the disease,” he stressed.

The Russian leader made ··a reservation that in his view, it is inappropriate to comment on the crisis in Europe. “It’s after all not our problem, It would be not very correct of me to comment on that, because I have great respect for the European colleagues, they face enormous challenges - economic, social, political - and I would not want to interfere with my comments, which one way or another will press them,” Putin said. However, he noted that “the systemic crisis in the euro area is linked not only with debts, it is much deeper, it is partly political and partly technological in nature, the problems are partially linked with the integration process itself.” The Russian president said that the political problems are caused by the fact that some “party is striving for power and relentlessly promises everything, and then tries to fulfil the promises, and if it fails, then it has no chances at the next elections.”

“The level of the productive forces, technological development fails to meet the aspiration to consume that is growing so quickly and steadily,” he stressed.

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