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.

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BING NEWS:
  • Euro crisis forces change on Russia
    MOSCOW — While the eurozone 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 ...
    07/21/2012 - 7:17 pm | View Link
  • Euro crisis forces change on Russia
    Russian President Vladimir Putin speaks at the economic forum in St. Petersburg, Russia on June 21, 2012. Putin has appointed a presidential ombudsman vested with special powers to defend the rights of company owners and directors in an attempt by the ...
    07/20/2012 - 9:00 pm | View Link
  • SPECIAL REPORT
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  • Euro crisis: use Greece as a springboard for change
    It was disabused, triggering the greatest financial crisis ... darker forces in Greek society, an amalgam of a neo-fascist right, elements in the police and armed services and even organised crime. Nor can Mrs Merkel really be sure that if Greece did ...
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  • 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 ...
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