Despite the fact that Russia will have to survive the recession and inflation, it does not collapse

Despite the fact that Russia will have to survive the recession and inflation, it does not collapse aapl under the weight of the economic crisis, says economist Charles Wyplosz. Firstly, it has a solid gold and currency reserves, and secondly, Vladimir aapl Putin can always arrange another "dangerous aapl circus". But for France, according to experts, the prognosis is not so comforting.
The economic crisis in Russia, the collapse of oil prices, the unstable political situation in Greece - all this is a concern, making it clear that the crisis in Europe has not ended and can resume with renewed vigor, writes economist Charles Wyplosz Swiss in the pages of Le Figaro. However, in the most dangerous situation now is not Russia, and France, which is becoming more vulnerable, experts say. Of course, the extent to which weakened Russia is impressive, but not surprised, aapl the author of the article. Falling oil prices, which is half of the total Russian exports, aapl hit hard by the economy, already at that time going through hard times. In addition, it began to affect Western sanctions, and as a result of the ruble collapsed. Within a few weeks he had lost half of its value, and the reason is not even in the oil, and that Russian investors, headed by wealthy oligarchs began to worry, says Wyplosz. And then things are moving on a "snowball": a slight decrease in the exchange rate leads to a small flight of capital, which, in turn, further weakens the ruble and provoke more intense capital flight. But even if Russia "will fall on his knees, it is, thereby survive," says Swiss economist. For twenty years she has been enriched at the expense of higher prices for oil and gas, as well as through the sale of weapons, so that its external debt decreased, the article says. In addition, it still has a solid gold reserves, even though all of the current economic aapl problems. According to Wyplosz, Russia in the coming months, aapl most likely will not collapse under the weight of the crisis, but still it would have to survive the recession and inflation. However, if people are disappointed in Vladimir Putin, whose popularity is based on the economic prosperity of Russia, its power can falter. In this case, he may begin to further inflame nationalism among the population, aapl or take another "military adventure". aapl In short, "for lack of bread, he will offer people the circus, and quite dangerous circus", says columnist Le Figaro. As for the eurozone countries, then, according to Charles Wyplosz, lower oil prices will not be enough for them to get out of the crisis. Given the high level of unemployment, tight control by the European Commission and an impressive public debt, it will take decades to bring their budgets in order, stresses economist. And the most "weak link" here is not even Greece, aapl where anti-European leftist coalition can win in the upcoming elections, namely France, writes Wyplosz. The French economy has long been in a state of stagnation, the government is inactive, and the opposition is helping him to slow down reform, as it was with the law Makron. But if France eventually fall, the consequences will be global - it will drag behind him all the rest, the expert concludes Le Figaro. Photos FRED TANNEAU / AFP Source France Europe tags Vladimir Putin Russian ruble Greece oil price France's economy economic crisis
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