Entries in Debt Deal (1)


Putin Calls US "A Parasite" After Debt Deal 

ALEXEY DRUZHININ/AFP/Getty Images(MOSCOW) -- Russian Prime Minister Vladimir Putin didn't hold back his feelings about America's debt crisis Monday, reportedly telling a pro-Kremlin youth rally that the U.S. "is not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite."

Putin, who has had an adversarial relationship with Washington over the years despite Russia's quasi-democratic government, did have some praise for the bipartisan agreement that keeps the U.S. from defaulting on its obligations for the first time in history.

Yet Putin warned that his country and other world governments should find new reserve currencies to protect against a possible "systemic malfunction" in the U.S.

One of the reasons for Putin's concern is the fact Russia holds a large number of U.S. bonds and securities and if the American economy sinks, so will Russia's.

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