Putin announced growing problems in European economies

Russian President Vladimir Putin announced growing problems in European economies.

According to Putin, in European countries the standard of living is declining and the number of unemployed is increasing.

MOSCOW, October 1 - RIA Novosti. More and more problems are appearing in European economies, living standards are declining, and the number of unemployed is increasing, Russian President Vladimir Putin said at the plenary session of the 23rd annual meeting of the Valdai International Discussion Club.

“Now is probably not the time for these discussions, but this is a fact: there are more problems, everything is growing. Citizens of leading European economies, European countries and economies feel this themselves. The standard of living is declining, the number of unemployed is increasing, and this, of course, undermines the fundamental foundations of the European Union itself,” Putin said.

The Valdai International Discussion Club is an association of leading foreign and Russian experts in the field of political science, economics, history and international relations. The club was created in September 2004 on the initiative of the RIA Novosti agency, the Council on Foreign and Defense Policy, and the magazines "Russia in Global Affairs" and Russia Profile. The club owes its name to the location of the first conference, which took place in Veliky Novgorod near Lake Valdai.