The Russian economy is prepared for a possible economic
meltdown as a result of the slowing of global growth and the escalating
eurozone debt crisis, President Vladimir Putin said on Thursday.
At a meeting with regional ombudsmen, Putin said the
situation was complex both in the European and global economies.
“In the United States, the engine of the world economy, the
situation looks better but macroeconomic indices that are vital for the
economy’s sustainability are no better than in Europe. Their debt state [in the
United States] is 104 percent [of U.S. GDP],” he said. (Read further: Source)
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