Russian President Putin: ‘Greek Crisis is a European Problem’


As Greece is struggling to reach an agreement with creditors in order to secure financial aid and avoid defaulting on its debt at the end of June, Greek Prime Minister Alexis Tsipras travelled to St. Petersburg, Russia, to attend the International Economic Forum and meet with Russian President Vladimir Putin on Friday evening.

After attending Tsipras’ impassioned speech against austerity, the Russian President, responding to a question about the current financial crisis that tantalizes Greece and may even lead it out of the Eurozone, said: “As rightly Mr. Tsipras says, the problem of the crisis is not Greek, it is European,” adding that “it is not a Greek problem, but a creditors’ problem.”

Tsipras referred to the importance of building ties between Greece and Russia. “One of the steps we should take is to work hard from now until November to draw up a memorandum of cooperation,’ he stated.

“We live in challenging times… I think that the cooperation between the two countries can help to effectively confront these challenges, serve the common goal of prosperity and economic development, as well as secure a stable and attractive environment in our region,” he added.

Putin reassured that Greece is an important partner of Russia in Europe. “We adopted a common action program in April and it is important to apply it in practice,” he noted, welcoming at the same time the Greek side’s initiative to prepare a joint document on strengthening economic cooperation between the two countries.

Meanwhile, Kremlin press spokesman Dmitry Peskov denied that Putin and Tsipras discussed financial aid for Athens during their meeting on the sidelines of the St. Petersburg International Economic Forum.


  1. “We need to get rid of any illusions that there will be a magic solution at the leaders’ level,” European Union President Donald Tusk said on Friday. “We are close to the point where the Greek government will have to choose between accepting what I believe is a good offer of continued support or to head towards default.”

  2. Putin: ‘Greek Crisis is a European Problem’

    Let me translate for Greece: “If you think you get any money from us, you are mistaken! “

  3. says who? May I remind you that Greece has received 180bn Euros from the EU to date since it joined the EU in 1981! Those were not loans, those were grants! Do you have any idea where your country would be today, if it wasn’t for the EU? I guess you have no idea – but let me give you the news – think Northern Africa, Middle East!

  4. Russia’s Deputy Prime Minister, Arkady Dvorkovich, said his country would “consider” financial support for Greece. “The most important things for us are INVESTMENT PROJECTS AND TRADE WITH GREECE. investment projects and trade with Greece. If financial support is needed, we will consider this question,” he said.

    “As all of you are fully aware, we are at the moment at the centre of a storm, of a whirlpool, but we live near the sea so we’re not scared of storms. We are ready to go to new seas to reach new safe ports,” Greek PM Alexis Tsipras said in a warning to the country’s creditors that Greece may make an alliance with Russia if the country exits the eurozone.

    Tsipras said the world’s economic centre of gravity had shifted and that there are “new emerging forces” such as the Bric countries and Putin’s new Eurasian union that are playing a more important economic role.

    “Russia is one of the most important partners for us,” said the Greek prime minister, ahead of formal talks with Putin.