These factors don't alter the fact that Russia, whether with Putin or not, cannot lose all the gained territory. Even the Russian people will not accept that after the huge cost in lives so far. They are still smarting from the loss of the USSR and have never come to terms with that.
The pound has also shed a eurocent against the euro to €1.132 – this sterling slump isn’t just about the strong dollar.
The UK’s FTSE 100 index of blue-chip shares is also under real pressure, down over 2%.
Am stating the obvious, and it's been said before here, but in a parallel world we have a labour govt with a Marshall plan that use tax money to develop the economy, jobs, build medium longer term demand responsibly. Kwartengs cynical idea that BoE should tame inflation the govt fuel with borrowing and surging gilt rates and a weaker pound) simply push us deeper into recession.
www.babypips.com
Just image the opposition to the war in Russia if 300,000 were sent to fight in Ukraine.
There cannot be a negotiation. Negotiation requires good faith or an external guarantor. Ukraine wants nothing from Russia and has nothing it is prepared to trade. .. It might have , had Russia stopped at Crimea There is no major power prepared to act as guarantor for Russia.. it has burned its collateral with India, and China is unwilling to support a loser..even if it wanted to counterbalance the USA . The world knows that Russia's word is worthless
The indications are that it is not partial ,it is discriminative,in that anyone the local mayors want rid of get call up papers, any of the protestors arrested last night will be immediately given papers, and rudimentary training before capital punishment in Ukraine I also suspect that there soon will be checkpoints on the sideroads leading to the borders and any young man will be be questioned ,while his call up papers are being printed in the next hut. Once papers are served the unfortunates are under military service rules
I am not convinced that a Marshall plan would even work. The whole Western sphere has entered low growth phase for the last 30 years and with education in developing countries catching up with ours, there isn't a specific area we can quickly get into and dominate. We could have done well in wind power but our shortermism killed that opportunity.
Well silicon valley was built on the intersection between a lot of skilled science (many well funded universities in calfornia) and steady big (unfortunately defense, but hey ho, the cold war gave us the www) government spending. We could recreate thse conditions and hope we stumble onto the next big thing by fostering innovation. Instead of becoming the international hub for tax avoidance and dodgy offshore assets.
Perfecty summed up, with only the addition that our UK low growth phase has been for over 70 years.
"Could" being like all the other things we could have done in the last 70 years.
I consider LT's government now as acting without a mandate. We, not even the ones who voted tory last time, do not endorse these policies. They were not on the table at the last GE - neither to be accepted nor rejected.
I reckon they'll wait for the winter to bite and call the new GE, hoping people would vote for continuity when faced with high energy bills.
That's both good and original
So be it, let Putin get away with it and it will simply happen again somewhere else.
Like the USA then?
Despite being part of the USSR for years, Estonia, Latvia and Lithuania were very keen to leave.
