Be Careful What You Wish For: 5 Ways Russia’s Demise Could Spread Around The World
by Tyler Durden
ZeroHedge.com
12/07/2014
Be careful what you wish for… Russia matters. It mattered in 1998 when the shock waves from its debt default reverberated around the world. And it would matter again should the plunging oil price lead to economic collapse. That’s despite the fact that Russia is a massive land mass with a relatively small economy. It accounts for only 3% of global GDP and it is dominated by an energy sector that is responsible for 70% of exports. But there are at least five ways in which a crisis for Russia could spread.
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