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Asked about Russia's role in the eurozone in the future, Mr Putin said: "Can it be supposed that one day Russia will be in some joint currency zone with Europe? Yes, quite possible."
Speaking at the same event, Josef Ackermann, chief executive of Deutsche Bank, echoed Mr Putin and said he could imagine Russia joining a common European currency.
Mr Putin said that for the past decade there has been a reliance on the dollar that needs to be rebalanced as it makes the world economy vulnerable. "We should move away from the excessive monopoly of the dollar as the only global reserve currency," he said.
Prime Minister Vladimir Putin proposed closer economic links between Russia and the European Union that would eventually lead to establishing a free-trade zone stretching “from Lisbon to Vladivostok.”
The response to the financial crisis should be a “joint continental market,” particularly in heavy industry and energy, Putin wrote in a commentary published today in German newspaper Sueddeutsche Zeitung. Putin is on a visit to Germany for talks with Chancellor Angela Merkel and business leaders tomorrow.
“In the future a free-trade zone could come into being and we could even consider more advanced economic integration,” Putin wrote. “Indeed, a joint continental market would then be created whose capacities would be in the trillions of euros.”
BERLIN, November 26 (Itar-Tass) -- The world must put an end to excessive monopolism of the U.S. currency in the world economy, Russian Prime Minister Vladimir Putin said on Friday.
“We must put an end to excessive monopolism of the dollar – there is no doubt that it is bad for the world economy, making it vulnerable,” Putin told a Sueddeutsche Zeitung economic forum.
He also said he was confident the United States will overcome the crisis and get out of the situation.
Mr Putin said .."We should move away from the excessive monopoly of the dollar as the only global reserve currency,"