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Will Russian ruble collapse trigger a military coup against Vladimir Putin?
Russia's shock-and-awe raise of interest rates from 10.5 to 17% has put the legitimacy and viability of president Vladimir Putin under serious strain, with the real danger of a military coup as the worst case scenario, according to a leading Kremlinologist. The central bank's desperate attempt to shore up support for the ruble, which has plummeted 50% on the year against the dollar, is unlikely to work beyond the short term. Russia's economy needs lower interest rates to boost growth, but its companies need higher interest rates to support the ruble. The 17% rates are likely to send Russia's spluttering economy into ... (full story)
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