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Jeroen Ketting shared his view on the Russian economic crisis in the Dutch Het Financieele Dagblad newspaper

Thursday 18 December 2014

Jeroen Ketting shared his view on the Russian economic crisis in the Dutch business newspaper Het Financieele Dagblad, 17 December issue, 3 page:

  • "It is clear that the Russian Central Bank has no policy for the long and medium term. The adjustment of the interest rate to 17% is just a drop in the ocean. There is no liquidity anymore in the financial system. It is questionable whether banks and companies in Russia can meet their payment obligations abroad."
  • Jeroen Ketting is more worried than during the crisis in 1998, when the ruble also made a sharp fall.
    "At the time the crisis was a result of the crisis on Asian financial markets. In 2008 the crisis was the result of the American crisis. In the current situation the crisis in Russia is the result of twenty years of a total lack of meaningful reforms and sensible economic policies."

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