22:05 GMT +317 October 2018
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    Medvedev concerned by Euro's future

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    Russian President Dmitry Medvedev in an interview to the U.S. daily Wall Street Journal expressed concerns over the future of the European currency

    Russian President Dmitry Medvedev in an interview to the U.S. daily Wall Street Journal expressed concerns over the future of the European currency.

    Answering the question about the prospects of euro's collapse in the wake of Europe's debt turmoil, Medvedev said that "this danger can not be excluded at least because we are facing a unique situation."

    Several European states, including Spain and Portugal, have faced a problem of servicing their debt. Greece was the closest to the national default. Last month, the European Union granted financial aid for Athens to help it cope with the problem.

    "I don't exaggerate the threat, but it can't be underestimated," Medvedev said. "All these rings alarm bells, because, of course, it may be viewed as the second wave of the crisis that broke out in late 2008," Medvedev said.

    "Russia's prosperity, to a large extent, depends on how well things are going on the European continent," Medvedev said. "We are not a member of the European Union, but we are a European country."

    MOSCOW, June 18 (RIA Novosti)

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