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News Link • Economy - Economics USA

Putin Suggests Russia Could Join Euro Zone, Make Euro World’s Reserve Currency

• Rocky Vega via The Daily Reckoning

11/29/10 Arlington, Virginia — At a recent conference on economic cooperation in Germany, Russian prime minister Vladimir Putin explained it was “quite possible” that in the future Russia would join the eurozone.  He also expressed that the move would probably bring about the replacement of the US dollar with the euro as the world’s reserve currency.

Putin is quoted as saying that, “Can it be supposed that one day Russia will be in some joint currency zone with Europe? Yes, quite possible.” And, echoing a common worldwide sentiment these days, Putin added, “We should move away from the excessive monopoly of the dollar as the only global reserve currency.”

You can view the Russia Today clip below, which came to our attention from The Daily Bail in its post on Putin’s view that the euro should be the world’s reserve currency.

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Author Image for Rocky Vega
Rocky Vega

Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.

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