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Vladimir Putin doesnâ€™t rule out Russia joining Eurozone

27 November 2010 09:13 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA. Economics. Russian Prime Minister Vladimir Putin said Friday he was confident in the euro despite Europe’s debt crisis and said his country might even join the currency block itself one day.
Despite the problems in some heavily indebted eurozone countries, the euro has proven itself "a stable world currency," Putin said. "We have to get away from the overwhelming dollar monopoly. It makes the world economy vulnerable," he told a gathering of business leaders in Berlin.
Putin said he was confident the euro would outlast the challenges brought by the sovereign debt crisis, and he praised the efforts of the European Central Bank and the eurozone member states to preserve the currency. Asked about the possibility of Russia one day adopting the euro as a currency, Putin did not rule it out.
Deutsche Bank AG’s chief executive Josef Ackermann agreed, "I think it is completely accurate that we have to reduce the currency system’s dependence from one dominant currency such as the dollar." Ackermann said that, once Europe has done its homework following the current crisis, an inclusion of Russia in the bloc’s currency zone would be "in Europe’s own interest" if an enlargement takes place.