July 22, 2014
How the Ukraine Crisis May Hurt Us All
Peter Jones, The Scotsman
The Associated Press
Just as the sanctions on Russia seem to have had a bigger effect than expected, so a downturn in Russia could have a larger effect on European economies than anticipated. Some commentators are speculating that this could turn out to be a sufficient shock on the eurozone to tip it into deflation, which would have a calamitous effect on demand.
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