So Russia is going to abandon the dollar as a reserve currency? Good luck with that one
Wednesday, March 05, 2014 9:20 AM
by Jeremy Warner, The Telegraph:
I’ve already explained why meaningful trade and financial sanctions against Russia are a non starter – everyone would lose from such action. Europe would be pushed back into recession, Russia into financial meltdown. This is not the sort of self harm Europe is prepared to contemplate right now. Indeed, [...]
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