Monday, April 7, 2014

Putin is losing in Crimea - A Reality Check

http://news.yahoo.com/how-putin-is-losing-in-crimea--a-reality-check-180005512.html

While Putin clearly imagines Russia to be a great power, the country is a hollow shell of its former self, with waning political and military influence and an economy that is teetering on the brink. Higher inflation, a weakening ruble, huge capital outflows and a lack of economic reforms contributed to a major slowdown in the growth rate last year — from a projected increase of 3.6 percent to a mediocre 1.3 percent clip. The Crimea crisis will only add to these economic woes.

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