Economic News

S&P Downgrades Russia’s Credit Rating to Junk

US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BB+, leaving it below investment grade for the first time in a decade. Moscow termed the decision "overly pessimistic." The ruble fell from 66.3 to over 69 per dollar. . . . → Read More: S&P Downgrades Russia’s Credit Rating to Junk
World News

Russia’s Modest Proposal To Greece: “Exit Europe And We Will Lift The Food Import Ban”

Russia's Modest Proposal To Greece: "Exit Europe And We Will Lift The Food Import Ban"
It has not been a good week for Greece: first we learned that its treasury has run dry as Greece have stop paying all taxes ahead of the elections (and likely after), making further reforms virtually impossible as the government simply does not have the cash to promote economic changes. . . . → Read More: Russia’s Modest Proposal To Greece: “Exit Europe And We Will Lift The Food Import Ban”