Putin says U.S. monetary policy “hooliganism”


MOSCOW, July 11 (Xinhua) — Russian Prime Minister Vladimir Putin criticized the U.S. monetary policy on Monday, calling it “hooliganism,” local media reported.

“We, thankfully or not, cannot print a reserve currency. But what are they (the Americans) doing? They simply spit nails, turn on the printing press and throw money to the world, in order to resolve their urgent problems,” Putin told members of the Russian Academy of Science in Moscow.

While exploiting its monopoly on issuing a global reserve currency at full scale, the United States asked Russia to obey a strict financial discipline, he added.

Russia is unlikely to resolve the problems it faces by covering the budget deficit with printing extra money, Putin said.

Also on Monday, the prime minister met with leading Russian economists to discuss the global financial crisis and scenarios of long-term sustainable economic development.

Editor: yan

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