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Putin and Russia are sustained by nothing else than oil and gas

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Outlook We have three Big Events this week—the Ukraine, the ECB policy meeting on Thursday, and payrolls on Friday. We might add a fourth, reform initiatives out of the party committee meetings in China, but we know practically nothing about plans. FT op-ed writer Butler has a really interesting take on the Ukraine—if history is a guide, we may get a prolonged conflict, but “Moscow is in no position to confront Europe or even the new government in Kiev. The Ukrainians must not allow themselves Reported by FXstreet.com 24 minutes ago.

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