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President Vladimir Putin’s hopes and ambitions to see Russia return to take its place among the leading industrialised nations are fading fast as the country heads for recession. ‘Hard decisions’ need to be taken to rein in its spending and cut budgets, according to his Prime Minister Dmitry Medvedev. Russia is at a crossroads and it is the global price of oil wh...
Professor Stefan Hedlund
Japan’s Prime Minister Shinzo Abe has been under pressure from his finance ministry to introduce a spending cap to reduce the country’s massive debt burden. This is the first of a two-part series on Japan’s finances. It looks at why Mr Abe is refusing to agree to their demands when many economists say that while a near-term crisis is unlikely, a budget financed by ...
Dr. Stefan Lippert