http://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-
the-euro-one-day.html
Most credible statement about a Russian leader, since we were told Andropov ‘had a cold’. I have a tough time taking this seriously, at least as anything other than a shot at the US dollar’s reserve currency status.
And on that, we agree with you, Vladimir. The sooner the dollar loses it’s reserve currency status, the sooner US manufacturers can get back to work (albeit with some pain in between, as interest rates spike past 20%).
Excerpt:
Speaking at a conference in Germany the Russian prime minister, who is in the country for talks with Chancellor Angela Merkel, said he was convinced the euro would stabilise and strengthen despite the current sovereign debt crisis.
He said: “Yes, there are problems. But the economic policy of the European Central Bank and of the governments of leading European economies … convinces me that the stability of the euro will be ensured.”
He added: “We know there are problems in Portugal, Greece, Ireland and the euro is wobbling a bit. On the whole it is a solid, good currency and it should take its place, its role as a reserve currency.”
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