Russia to Europe: Fix It or We'll Kill You

Okay, they didn’t say the “kill you” part but they are probably implying it.

Here’s Reuters:

The political turmoil in Greece and uncertainty over the euro zone sent stocks and commodity prices lower in Asia, and fueled a rush into safe-haven German bonds. But financial markets rallied in nervous trading as the likelihood grew that Greece would not hold the highly risky referendum.

The leaders of China, Russia and the United States pressed the Europeans to act swiftly to contain their sovereign debt crisis in comments before a summit of the Group of 20 major world economies in the French Riviera resort.

“Europe should aid itself, the European Union has everything for that today — the political authority, the financial resources and the backing of many countries,” Russian President Dmitry Medvedev said.

For some reason, world leaders aren’t thrilled by what they’re seeing out of Europe nor do they like the implications for their own domestic economies.  Russia, for example, will likely close down their own market for a few days if and when a total rupture happens.  They do it all the time, that’s how a command economy works.

Anyway, we’ll see if international pressure even matters anymore, most G20 Summits are completely meaningless other than for the photo ops.



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