10.02.2008

Putin Pooh-Pooh's US Financial "Irresponsiblity"


From the UK Independent article entitled "Putin turns on US "irresponsibility'": Vladimir Putin has accused the United States of "irresponsibility" as he criticised its primary role in the economic and financial turmoil that has undermined the foundations of global capitalism across the world.



The Russian Prime Minister's remarks yesterday came after several European leaders, including the French President Nicolas Sarkozy and the German Chancellor Angela Merkel, said the spiralling crisis started by toxic housing debts in the US raised questions about the "Anglo-Saxon" way of doing business.



"Everything that is happening in the economic and financial sphere has started in the US," Mr Putin told a government meeting in Moscow. "This is a real crisis that all of us are facing. And what is really sad is that we see an inability to take appropriate decisions. This is no longer irresponsibility on the part of some individuals, but irresponsibility of the whole system, which as you know, had pretensions to [global] leadership."


Read the entire UK Independent article "Putin turns on US 'irresponsibility'" here.

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