CES financial and macroeconomic policies comes, then a single currency - Putin

    It is needed to synchronize the financial and macroeconomic policies of Russia, Belarus and Kazakhstan prior to introduction of a single currency for the single economic space, Russian President Vladimir Putin said at a meeting with members of the Valdai international discussion club, ITAR-TASS reported.
    "We need to develop a single, tightly controlled approach toward these fundamental factors of economic development, and then move to a single currency," he said.
    As an example, he referred to Greece. If it left the drachma, it would avoid such severe consequences, he stated.
    "If Greece had the drachma, they could devalue it and may not have had such problems. It would have been a signal that it is necessary to fix the economy, and they had no choice but to collect their debt," Putin noted, according to CA-News.