“41% of foreign exchange reserves in Russia are euro-denominated, so EU member states and Russia all are interested in the security of it.”–Dmitry Medvedev, President of Russia

Turns out that Russia has a big stake in European countries getting back on the economic track.

On December 15, Russia’s current President said his country will work to help bailout struggling European countries, but only through the International Monetary Fund: “…we will keep backing the EU in terms of our quota in IMF membership and we will abide by all the commitments, being the participant of the IMF and ready to invest financial means to back the European economy and the euro zone.”

Medvedev did say that it was still up to European Union members to come up with a doable plan: “Only Europe will be able to help Europe but other countries should provide conditions for Europe to liberate itself from the crisis burden as soon as possible and recover from this downturn as soon as possible.”