Putin Suggests Russia Could Join Euro Zone, Make Euro World's Reserve Currency

At a recent conference on economic cooperation in Germany, Russian prime minister Vladimir Putin explained it was “quite possible” that in the future Russia would join the eurozone. He also expressed that the move would probably bring about the replacement of the US dollar with the euro as the world’s reserve currency.

Putin is quoted as saying that, “Can it be supposed that one day Russia will be in some joint currency zone with Europe? Yes, quite possible.” And, echoing a common worldwide sentiment these days, Putin added, “We should move away from the excessive monopoly of the dollar as the only global reserve currency.”

You can view the Russia Today clip below, which came to our attention from The Daily Bail in its post on Putin’s view that the euro should be the world’s reserve currency.