Putin calls economic crisis a 'perfect storm'

[Adsos Letter]

Source: AFP

DAVOS, Switzerland (AFP) - - Russian Prime Minister Vladimir Putin on Wednesday called the international economic crisis a "perfect storm" event and warned that a conflict could erupt out of the turmoil.

"There is the notion of the 'perfect storm' when natural elements come to a single point and multiply their destructive capacity. This crisis looks exactly like this perfect storm," Putin said in a speech to the World Economic Forum in Davos.

Putin took aim at US banks and the outgoing US administration in his analysis of the causes of the crisis.

"Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or one billion, and did not want to notice the rising wave."

Putin said there had been a lot of criticism of the United States in recent months "but I will do nothing of the kind.

http://sg.news.yahoo.com/afp/20090129/twl-davos-economy-russia-putin-6b0205e.html