Putin says euro crisis a political problem
Russian Prime Minister Vladimir Putin has urged Europe’s leading states to help their more profligate eurozone partners, describing the persisting debt crisis as a ?political problem.?
“So far the European debt problem is still a political problem, not purely an economic one,» Putin was reported as saying during a visit to China on Tuesday.
Although Greece is the eurozone’s worst-hit member, Putin pointed out, the country’s economic volume accounts for no more than 2 percent of Europe’s GDP.
“Some experts believe the scale of assistance in the European debt crisis is likely to reach 1 to 1.5 trillion euros. It’s not a small figure, but I believe the EU can afford it,» Putin said according to reports in the local media.
Big European nations must make a political decision to provide aid to their fragile peers, and this «demands political encouragement,» Putin was quoted as saying.
