Video: Putin "Euro Should Be World's Reserve Currency"

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Putin: Russia will join the euro one day - Telegraph UK

Vladimir Putin said it is "quite possible" that Russia will one day join the eurozone and create a currency that would eclipse the US dollar as the global reserve standard.

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."

Asked about Russia's role in the eurozone in the future, Mr Putin said: "Can it be supposed that one day Russia will be in some joint currency zone with Europe? Yes, quite possible."

Speaking at the same event, Josef Ackermann, chief executive of Deutsche Bank, echoed Mr Putin and said he could imagine Russia joining a common European currency.

Mr Putin said that for the past decade there has been a reliance on the dollar that needs to be rebalanced as it makes the world economy vulnerable. "We should move away from the excessive monopoly of the dollar as the only global reserve currency," he said.

http://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-the-euro-one-day.html

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Putin's comments begin at the 1:20 mark.

Video - Russia and Germany should dramatically increase their economic co-operation.  That's the message from Russian Prime Minister Vladimir Putin to some of Germany's top industrialists at a business forum in Berlin - Nov. 26, 2010

Comments

[DailyBail]

Putin: Russia will join the euro one day

Vladimir Putin said it is "quite possible" that Russia will one day join the eurozone and create a currency that would eclipse the US dollar as the global reserve standard.

http://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-the-euro-one-day.html

[DailyBail]

Euro may become new reserve currency - Putin

http://english.ruvr.ru/2010/11/26/35725561.html

[John Patmos]

“That out of the beast's mouth is the spirit of the world, which in the politics of men, whether lawless democracy or despotism, sets man above God. That out of the mouth of the false prophet is lying spiritualism and religious delusion, which shall take the place of the harlot when she shall have been destroyed.”

And out of the mouth of the beast a yelp from his wounded pride. As the saying goes, a stitch in time saves nine. Playing basketball when you should be leading the free world will cost Obama 12. Obama is known to get a bit lippy, maybe the truth is that he got popped in the mouth by Michelle. She has sharp elbows and a nasty disposition and diabolical influence. Does he have a fat lip with her name on it? God knows what he might have said to her. Maybe he told her that if she wanted to be felt up she should go to the airport and opt out. Will the wounded first lip put a damper on his penchant for smoking? The jet-setting devil deceiving imposter from Kenya has the mouth of the beast and is prone to self-deification. God help us all.

[john]

Better check this out.

http://www.themoscowtimes.com/business/article/canadian-dollars-join-national-currency-reserves/424884.html

[DailyBail]

CHINA TELLS AMERICA: Turn Around The USS George Washington

http://www.reuters.com/article/idUSL3E6MN0SQ20101126

[S. Gompers]

"CHINA TELLS AMERICA: Turn Around The USS George Washington"

So much for President George W. Bush removing North Korea from the U.S. list of state sponsors of terrorism, and issuing a proclamation lifting some sanctions under the Trading with the Enemy Act in June of 2008. The rewards must be great to come off that list, they were given tons of food and fuel oil to be good.

Another well thought out plan.

[John Patmos]

Andrew Maguire, a metals trader at the London Bullion Market Association, and his wife were traveling in their car when a second car coming out of a side street struck their vehicle. That car then hit two more vehicles before fleeing. London cops using helicopters and patrol cars chased the hit-and-run driver before nabbing that person, whose name has not been released by authorities.

God help us all.