wricaplogo

Commentary

Vladimir Putin

Wed, April 20, 2011
Bloomberg News

“They turned on the printing press and are buying state bonds -- financing the government by using a printing press -- scattering money across the dollar zone, that is, the entire world,” Putin told lawmakers in Moscow today. “We don’t have the same opportunity to make trouble.”

As translated and reported by Bloomberg News

 

“Look at their trade balance, their debt, and budget. They turn on the printing press and flood the entire dollar zone — in other words, the whole world — with government bonds. There is no way we will act this way anytime soon. We don’t have the luxury of such hooliganism,” {Putin} said.

As translated and reported by the Wall Street Journal