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Putin calls US a parasite on global economy

Last updated on: August 3, 2011 08:37 IST

Putin calls US a parasite on global economy

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Calling the United States a 'parasite' on the global economy, Russian Prime Minister Vladimir Putin said, "They are living beyond their means and shifting a part of the weight of their problems to the world economy."

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Image: Russian Prime Minister Vladimir Putin.
Photographs: Reuters.
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Putin calls US a parasite on global economy

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Putin said the United States is burdening the global economy with its problems and the monopoly of the dollar.

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Image: Dollar notes.

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Putin calls US a parasite on global economy

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Putin's hard-hitting comments come in the wake of the US House of Representatives passing the bipartisan bill to avert a massive debt default and reduce trillions in government spending, paving way for the austerity measure to face a Senate vote.

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Image: President Barack Obama with Russian PM Vladimir Putin.

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Putin calls US a parasite on global economy

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The Budget Control Act of 2011 was passed by the House of Representatives by 269-161, a day after leaders of both the Republican and Democratic parties and the White House reached an agreement.

The measure seeks to raise the debt ceiling from $14.3 trillion and cut deficit by $2.4 trillion over 10 years.

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Image: Reuters.

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Putin calls US a parasite on global economy

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Putin said the US may have been toying with the default issue to weaken the dollar and create better conditions for exporting their goods.

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Image: Dollar notes.

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Putin calls US a parasite on global economy

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Pointing out that a possible default would have badly affected the global economy, Putin said, "They had enough common sense and responsibility" to avoid a default.

Image: Dollar notes.

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