@Schuldensuehner @GTCost Hi Holger, learner question, by reserves you mean budget reserves or fx reserves?
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@leo_bruzzaniti@Schuldensuehner So it is simplistic to say: external debt obligations of entire econ > sovereign reserves. -
@GTCost@Schuldensuehner Thanks, slowly digesting..
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@Schuldensuehner@MartaSalazar Putin lost Russia to conquer Crimea and Eastern Ukraine. Like the peasant who sold his horse to buy him hay. -
@Schuldensuehner russia has almost no foreign debt. therefore it cannot default -
@Schuldensuehner that's what happens when people in powerful positions think it's due to them being clever..
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