[Russia: economic situation] Economic guru: Russia is weak, but the EU isn’t united

Leszek Balcerowicz told in Brussels on the 23 May 2014 that while Russia represents 5% of the GDP of the West, and is very vulnerable to Western pressure, Russian President Vladimir Putin was overplaying his hand in Ukraine because he was encouraged by divisions within the EU.

ESO: Background information: Russia’s sluggish economy is not a function of the Ukraine crisis or sanctions, but reflects long term economic trends http://www.europeansources.info/record/russias-sluggish-economy-is-not-a-function-of-the-ukraine-crisis-or-sanctions-but-reflects-long-term-economic-trends/

ESO: Background information: Russia-Ukraine crisis threatens recovery in EBRD region http://www.europeansources.info/record/press-release-russia-ukraine-crisis-threatens-recovery-in-ebrd-region/

---