"Global growth rates are still sluggish, the US economy is growing – but at a slower pace than experts hoped. The EU economic growth is close to zero. And although the threat of a Grexit has been averted for now it does not mean there is a solution to the Greek problem," the prime minister stressed.
Speaking at the International Investment Forum in the southern Russian city of Sochi, Medvedev underscored that the European Union needed a common migrant policy, referring to the hundreds of thousands of asylum seekers arriving in Europe since the start of 2015.
In summer, Athens was on the verge of defaulting on a multibillion-dollar debt to international money lenders, a move that would have forced the country out of the eurozone and possibly out of the European Union. A last-minute August bailout deal averted a Grexit but at the cost of socially crippling austerity measures.
The Chinese stock market saw a large-scale sell-off and high volatility in July, sending ripples through markets in Asia, Europe and the United States and culminating in the largest single-day loss in the history of the Chinese stock exchange in August.
