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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TAGGED: MH17, European Union, Europe, Russia, Ukraine

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