Sunday, December 28, 2008

I Hope You Don't Have a Savings Account in Russia



http://www.ft.com/cms/s/0/fb228bfa-d385-11dd-989e-000077b07658.html

Paragraph of interest:

Analysts at Barclays Capital said the best case scenario would see Russian policymakers, facing the mounting evidence of a recession, allowing a one-off depreciation of 10 per cent or more [on the rouble].


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