Bloomberg News

Europe Needs 1.5 Trillion Euros to Fight Crisis, Says Putin

November 13, 2011

Nov. 11 (Bloomberg) -- European Union leaderes need to come up with 1.5 trillion euros to successfully end the region’s debt crisis, Russian Prime Minister Vladimir Putin said.

“Europe today needs about 1.5 trillion euros to overcome the crisis,” he said today in Poznyakovo, near Moscow. “Italy on no account should be allowed to collapse. It simply would be a catastrophe,”

To contact the reporter on this story: Henry Meyer in Moscow at hmeyer4@bloomberg.net

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net


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