"It seems as though everyone is going to the currency of celebrity. Everyone's getting their own account of whatever that currency is. That's something neat."

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This is also evident in Europe, not the dependence on oil and gas, but the fact that structural reforms are long overdue, and I think that the leading economies are very pragmatic and efficient in addressing the issues facing the European economy. That is why we keep approximately 40 percent of our gold and foreign currency reserves in euros.

— Vladimir Putin