Putin Says U.S. Is A "Parasite" On Global Economy [View All]

Source: REUTERS

LAKE SELIGER, Russia | Mon Aug 1, 2011 4:27pm EDT

(Reuters) - Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.

"They are living beyond their means and shifting a part of the weight of their problems to the world economy," Putin told a Kremlin youth group while touring its summer camp north of Moscow.

"They are living like parasites off the global economy and their monopoly of the dollar."

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"Countries like Russia and China hold a significant part of their reserves in American securities ... There should be other reserve currencies."

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Read more: http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801