pjw Posted February 22, 2014 Share Posted February 22, 2014 (edited) I'm wondering if the Ukraine defaults on their debt, and take down the Russian banks with them, what sort of chain reaction there could be? Could this be the start of the second leg of the great slump globally? See http://www.telegraph.co.uk/finance/comment/10655777/Ukraines-economy-more-fragile-than-its-uneasy-peace.html for a discussion of the default looming. Edited February 22, 2014 by pjw Quote Link to comment Share on other sites More sharing options...
Errol Posted February 22, 2014 Share Posted February 22, 2014 Russia has in excess of $500 billion of FX reserves - including gold. I'm sure they'll be fine. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted February 22, 2014 Share Posted February 22, 2014 Russia has in excess of $500 billion of FX reserves - including gold. I'm sure they'll be fine. Putin's ability to subsidise the Russian population is limited. Expect Kiev to end up in Moscow. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted February 23, 2014 Share Posted February 23, 2014 Ukraine is a testament to corruption, especially considering their unfortunate geographical location. Quote Link to comment Share on other sites More sharing options...
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