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Re: Putin to increase military spending by 85% through 2017.

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 16 Dec 14 5:56 PM | 20 view(s)
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Msg. 16576 of 54959
(This msg. is a reply to 16575 by Cactus Flower)

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ouch. ruble down again.

http://www.bloomberg.com/news/2014-12-16/ruble-snaps-six-day-loss-on-surprise-rate-increase-to-17-percent.html




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The above is a reply to the following message:
Re: Putin to increase military spending by 85% through 2017.
By: Cactus Flower
in ALEA
Tue, 16 Dec 14 12:38 PM
Msg. 16575 of 54959

Given that the ruble is worth 50% of what it was, an increase of 85% is less impressive.

Putin is looking desperate. His policies deliver Russian isolation and impoverishment rather than a split between a Russian sphere and a Western one.


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