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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: wooden ships who wrote (6895)8/15/1998 8:12:00 PM
From: HammerHead  Read Replies (1) of 42834
 
That's not how the market views the impact IF Russia defaults.

The EU has 250B loan to developing countries, and 50B go to Russia.
German holds 30B of the 50B granted to Russia, it's equal to 1.3% of German GDP. If Russian defaults, it will wipe out 13% of Germany banking equities. It will have domino affects to Europe.
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