A Quote by Vladimir Putin

I have criticized it [Europe], but I repeat: we keep 40 percent of our gold and foreign currency reserves in euros, we are not interested in the collapse of the Eurozone, but I do not rule out the possibility of decisions being made that would consolidate a group of countries equal in economic development and this, in my opinion, will lead to a consolidation of the euro. But there can also be some interim decisions in order to keep the present number of members of the Eurozone unchanged.

Vladimir Putin

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Also Being Being Mad Collapse Consolidate Consolidation Countries Criticized Currency Decisions Development Economic Economic Development Equal Euro Europe Eurozone Foreign Gold Group In My Opinion Interested Interim Keep Lead Made Members Not Interested Number Opinion Order Our Out Percent Possibility Present Repeat Reserves Rule Some Unchanged Will Would

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Vladimir Putin
Russian - President
Born: October 7, 1952

This is also evident in Europe, not the dependence on oil and gas, but the fact that structural reforms are long overdue, and I think that the leading economies are very pragmatic and efficient in addressing the issues facing the European economy. That is why we keep approximately 40 percent of our gold and foreign currency reserves in euros.

Vladimir Putin

I can understand countries don't want to join the euro, but they cannot impede the consolidation and strengthening of the eurozone.

Francois Hollande

All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.

Vladimir Putin

Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.

Lucas Papademos

Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.

Vladimir Putin

I believe the ones who stand up for what we say, which is stay inside the Eurozone, try to fix some things in the memorandum and try to help Greece get out of this mess without leaving the Eurozone, without leaving Europe.

Eva Kaili

Europe is sort of like the Soviet Union in the '30s and '40s. There was an argument, is it reformable or not? There is a feeling, and I think it's correct, that the European Union, the eurozone, and the euro, is not reformable, as a result of the Lisbon treaties and the other treaties that have created the euro. Europe has to be taken apart in order to be put together not on a right-wing, neoliberal basis, but on a more social basis.

Michael Hudson

The plague did not lead to Europe’s economic collapse. Rather, Europe’s currency-driven economic collapse led to the plague.

Douglas Rushkoff

It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory.

Vaclav Klaus

Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.

Peter Schiff

If there is a Greek exit from the Eurozone, I think the German elite will be quite pleased that they can then use that to restructure the Eurozone and make it a zone where only strong countries are allowed in. There would then be two tiers within the European Union, which is in fact already happening. But you cannot simply get rid of German control by raising the specter of the Third Reich. That's ahistorical.

Tariq Ali

At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't. Instead, northern Europe fell into subsidizing southern Europe's excess consumption, that is, its current account deficits.

Alan Greenspan

We must ensure that more binding, durable, and enforceable fiscal rules go hand-in-hand with funding certainty for countries pursuing sound and sustainable economic policies. We need to keep pushing forward towards a comprehensive solution to the challenges of the eurozone.

Enda Kenny

The European Union that emerges from the Eurozone crisis is going to be a very different body. It will be transformed perhaps beyond recognition by the measures needed to save the Eurozone.

David Cameron

Observers and even some officials raise questions about the future of Greece as part of the Eurozone, while the Eurozone itself struggles to deal with fundamental flaws at the heart of its architecture.

Charles Dallara

If I had political responsibility, I would want to prepare for a plan B that would foresee that the European currency union, that the eurozone, no longer necessarily consists of 17 member states. And that means to make provisions so that other countries are not pulled into the maelstrom through contagion.

Peer Steinbruck

A Quote by Vladimir Putin

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