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Realistbear

Russia Has Large Proportion Of Reserves In Euros

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http://uk.finance.yahoo.com/news/merkel-says-deficits-must-be-cut-afp-e5fee9b2558b.html?x=0

14:09, Saturday 5 June 2010
German Chancellor Angela Merkel hit back on Saturday at criticism that Europe was threatening growth by slashing spending, saying deficits had to be cut in the wake of the Greek crisis..../
Medvedev, in Germany for two days of talks with Merkel ending on Saturday, said a large proportion of Russia's foreign currency reserves euro-denomiated.

Comrade Putin to Mini-me (the little guy who Putin installed as President): "Bollochovs--our plans to end America have been foiled again--how much of our reserves did you put into Euros?

Mini-me: But, but I didn't put any of our reserves into Euros, you did.""

Comrade Putin: "I told you Urals not Euros you idiot."

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http://uk.finance.yahoo.com/news/merkel-says-deficits-must-be-cut-afp-e5fee9b2558b.html?x=0

14:09, Saturday 5 June 2010
German Chancellor Angela Merkel hit back on Saturday at criticism that Europe was threatening growth by slashing spending, saying deficits had to be cut in the wake of the Greek crisis..../
Medvedev, in Germany for two days of talks with Merkel ending on Saturday, said a large proportion of Russia's foreign currency reserves euro-denomiated.

True. And last month Russian Central Bank recorded a loss on its reserves because of falling EUR.

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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