27 May 2010 19:34

Current problems in EU economy temporary, will be settled - Putin

LAPPEENRANTA, Finland. May 27 (Interfax) - The difficulties that the European economy has recently encountered are temporary, and the European Union will settle them, Russian Prime Minister Vladimir Putin said.

"I personally think that our partners will manage, of course. I have no doubt about it, the only question is the price. And that already depends on the concrete steps taken by EU leaders," he told a press conference on Thursday.

"Sacrifices will have to be made" to solve these problems but the European governments "are doing so in quite a resolute manner," the Russian prime minister.

There is also a positive side to the current economic situation in the EU, the weakening of the euro, Putin said.

"The weakening of the euro, as we know, creates better conditions for export, and the euro zone is mainly an export-oriented economy. So there are pluses and minuses here," Putin said.