In an address to a group of pro-Kremlin youths attending a summer camp north of Moscow on Monday, Putin accused the US of acting like a “parasite” by accumulating tremendous debts that have jeopardized global markets, AFP reported.
“The country is living in debt. It is not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite,” Putin said.
On Sunday, US President Barack Obama announced a last-minute agreement reached by members of Congress to raise the country's public debt limit, which will allow Washington to avoid its first default in history while enforcing a painful economic austerity plan on US citizens.
The Russian prime minister censured the United States' foreign exchange policy and stated that the world should begin using reserve currencies other than the dollar for trade and savings.
“If the US encounters a systemic malfunction, this affects everyone,” Putin noted, adding, “There should be other reserve currencies.”
Putin said that the debt deal announced by Obama “was not that great overall because it simply delayed the adoption of a more systemic solution.”
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