Inflation, not liquidity, is the real problem
NO DOUBT IT is the boomtown traffic clogging Moscow’s wide roads that suggests the simile to the senior Russian banker. He has abandoned his car and arrives for the meeting with Euromoney short of breath and sweating from the brisk walk in the spring sunshine. “The financial system may slow or even stall in Russia but there’s one fast lane that is still open – and that’s for the state-owned corporations and banks to speed along.
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