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   
BING NEWS:
  • BTA. IMF Managing Director Georgieva Talks to BTA on Her Second-Term Priorities, US Economy, Bulgaria in Eurozone and Tax Reform
    ARMENPRESS/BTA. IMF Managing Director Kristalina Georgieva gave an exclusive interview to BTA - her first for a Bulgarian media outlet since her re-election for a second five-year term.
    04/16/2024 - 1:47 am | View Link
  • Financial markets nervous amid Middle East tensions; oil price falls – business live
    Rolling coverage of the latest economic and financial news, as Brent crude dips to $90 per barrel but Wall Street set to open higher ...
    04/14/2024 - 9:42 pm | View Link
  • Iranian drone strike on Israel escalates Middle East tensions
    The key focus today will be the escalation of the Middle Eastern conflict following the Iranian strike on Israel and signals on the extent of Israeli retaliation, see more below.
    04/14/2024 - 7:00 pm | View Link
  • What’s behind the US economy’s resilience?
    One of the most striking developments over the past year has been the extraordinary resilience of the US economy, despite the highest interest rates in a generation. The United States grew 2.5% last ...
    04/10/2024 - 10:01 pm | View Link
  • Red Sea crisis forces operators to use more container ships, adding to emission concerns
    The shipping industry's pledge to limit its carbon footprint may suffer a setback as the current Red Sea crisis prompts it to use more vessels and take longer routes to ensure the smooth sailing of ...
    04/10/2024 - 4:18 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News