Array

Array

Eurozone: Russia Too Worried:

  

Eurozone: Russia Too Worried

Eurozone: Russia Too Worried. Russian Prime Minister Vladimir Putin said today that the Russia was ‘very concerned’ at the crisis in the eurozone, adding that measures must quickly be taken to avoid stagnation. “We are all very concerned about the crisis in the euro area. If measures are not taken urgently the next step is stagnation,” he said, before the international experts of the Valdai Club.

We count on the authorities and the countries of the European Union so that they are involved in the process and prevent the development of these events” he added. However, he acknowledged that he was always more simple to observe from the outside, adding what appears to be well in theory does not always work in practice.

The EFSF lacks necessary resources
Vladimir Putin expressed doubts about the capabilities of the European Fund of Financial Stability (EFSF) and The International Monetary Fund (IMF) to raise enough financial resources to overcome the debt crisis in the euro area. Russian Prime Minister also stressed that it was essential to avoid that the Italy switches in turn. “The Italy should in no way be allowed to fail, it would be a disaster“, he said in a meeting with Russian experts near Moscow.

The Russia, half of which trade relations are with the European Union, is very concerned, he added, the situation of the countries of the euro area. “Our best experts think that without direct intervention of the European Central Bank, this problem cannot be resolved“, he continued. “The EFSF, alone or in cooperation with the IMF, lacks the necessary resources” as he sees to € 1.500 billion approximately.

The Russia has already previously mentioned assistance to the euro area through the international monetary Fund for an amount that can go up to US $ 10 billion, but Moscow has never set an agenda.



J'Son is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com properties including amazon.com, endless.com, smallparts.com or myhabit.com.

Leave a Comment

 

Related News:

Euro Remains Small Rise Against Dollar In A Market Without Momentum

Euro Remains Small Rise Against Dollar In A Market Without Momentum

Euro Remains Small Rise Against Dollar In A Market Without Momentum. The euro was displayed slightly higher against the dollar on Friday but remained under pressure in a market worried by the European divisions of the proper role of the European Central Bank (ECB) deal with the debt crisis. On Thursday 22:00 GMT, the euro […]

November 22nd, 2011 | Posted in Economic & Business, News | Read More »

Greece: The Minister of Finance Renewed

Greece: The Minister of Finance Renewed

Greece: The Minister of Finance Renewed. The Greek Ministry of Finance remains in the hands of Evangelos Venizelos, weight-heavy Socialist, while foreign affairs fall upon a liberal of the new democracy, the European former Stavros Dimas in the Greek new coalition Government, announced the Government in an official release. Greek Finance Minister Evangelos Venizelos for […]

November 12th, 2011 | Posted in Economic & Business, News, World | Read More »

Gaddafi Shots Dead In Sirt

Gaddafi Shots Dead In Sirt

Gaddafi Shots Dead In Sirte. The arrest of former leaders of Libya, Moammar Gaddafi is staggering. Now, officials of the National Transition Council (NTC) is now claiming Gaddafi was killed shots. “Gaddafi died of wounds sustained in the arrest near Sirte,” said a senior NTC military official as reported by Reuters on Friday October 20, […]

October 20th, 2011 | Posted in News, Politics, World | Read More »

Gaddafi Rumored Caught!

Gaddafi Rumored Caught!

Gaddafi Rumored Caught! The revolutionary forces in strikes had from Sirte, Libya seem to fruition. Former leader of Libya Moammar Gaddafi is rumored have been caught. As reported by Reuters, the news of the arrest of Gaddafi’s come from the National Transition Council (NTC) troops on Thursday (20/10/2011). Gaddafi is rumored shots in his foot […]

October 20th, 2011 | Posted in News, Politics, World | Read More »

Stock Market Crisis: Four European Countries Prohibit Short Sales

Stock Market Crisis: Four European Countries Prohibit Short Sales

Stock Market Crisis: Four European Countries Prohibit Short Sales. The week ends on a strong growth in European stock exchanges. Over 4% in Paris, 3% in London and 5% in Madrid. The origin of this rally, the announcement of measures on the part of several countries to curb speculation, the prohibition of short selling, it […]

August 13th, 2011 | Posted in Economic & Business, News | Read More »