01 Aug '11, 11pm

Russia PM Vladimir Putin accuses the US of living 'like a parasite' on the global economy

Russia PM Vladimir Putin accuses the US of living 'like a parasite' on the global economy

Russian Prime Minister Vladimir Putin accused the United States on Monday of living beyond its means 'like a parasite' on the global economy and said dollar dominance was a threat to the financial markets. -- PHOTO: REUTERS LAKE SELIGER (Russia) - RUSSIAN Prime Minister Vladimir Putin accused the United States on 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,' Mr Putin told the pro-Kremlin youth group Nashi while touring its lakeside summer camp some five hours drive north of Moscow. 'They are living like parasites off the global economy and their monopoly of the dollar,' Mr Putin said at the open-air meeting with admiring young Russians in what looked like early campaigning...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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