George Soros Warns Of Russia Default
Rusia nu-si poate plati chitantele, si va intra in faliment: George Soros Warns Of Russia Default Everyone’s favorite target of conspiracy theory, the great mastermind of forex volatility and insider trading, George Soros himself, thinks Russia could default if the West prolongs sanctions. Writing in the February edition of The New York Review of Books , the famed investor says the sanctions damaged Russia greater than anyone expected. In the article’s first paragraph, Soros brought up the specter of 1998. Known as the “Russian flu”, the financial crisis of 1998 packed a wallop on the economy and the nation’s politics. It led to the downfall of Boris Yeltsin and short term interest rates of more than 100%. Of course, Russia is very much a different country now. The only similarity is the fact that, despite nearly 20 years difference, the economy is deeply dependent on oil and gas exports. Revenues from energy exports fill the government’s coffers. When oi...
