Euro Crisis Forces Change On Russia

While the euro zone stands on the precipice of financial disaster, Russia looks on with a safely balanced budget, very little debt, a steady ruble — and a shudder of fear.
Russia’s economy relies on oil — 60 percent of gross domestic product — and a deep recession in Europe would drastically slash demand and price, forcing major cuts in government spending and threatening to provoke widespread social protest.

Topics:  russia s   europe   read   russia   
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BING NEWS:
  • Euro crisis forces change on Russia
    MOSCOW — While the euro zone stands on the precipice of financial disaster, Russia looks on with a safely balanced budget, very little debt, a steady ruble — and a shudder of fear. Russia’s economy relies on oil — 60 percent of gross domestic ...
    07/21/2012 - 12:02 pm | View Link
  • SPECIAL REPORT
    Diane Coyle, a UK-based economic consultant who is compiling a book on how economics teaching needs to change after the crisis, says it can't be separated ... isn't based on some dominating gestalt that forces the detailed evidence to fit a big frame ...
    07/2/2012 - 8:31 pm | View Link
  • Euro crisis: use Greece as a springboard for change
    The result of a general election in one small country has the potential to unleash a cascade of economic events that could set back 50 years of European integration and plunge the continent into a prolonged banking crisis ... the darker forces in Greek ...
    06/16/2012 - 10:59 am | View Link
  • Family crisis forces Euro MP Fiona Hall to stand down
    She said: “It is an enormous privilege to be the Lib Dem MEP for the North East and I enjoy every day of the job, but an unexpected change in my family circumstances means I have decided not to put myself forward for re-selection.” The Euro-MP added ...
    06/7/2012 - 8:12 pm | View Link
  • Euro crisis: Can Germany change course?
    in whose hands power in a crisis lies, is saying “nein” at least seven times." There are two ways to look at this, Wolf argues: 1) Germany doesn't believe the euro zone can hold together, and it is therefore leading a strategy that forces profligate ...
    05/29/2012 - 1:00 pm | View Link
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