1. Russia Undoubtedly the first country that comes to mind, with its decision to invade Ukraine. The damage to the Russian economy has been so great that Apple is now worth more than the entire Russian stock market. In response, capital has fled and the Russian ruble has plummeted. Over $55 billion in reserves have been used so far to prop up the currency. The government has responded with even more stupidity, as it has attempted to crack down on dissent by requiring bloggers to register with the government and most recently banning the use of the word “crisis” in public. This is a country that has gone from bad to worse with incredible speed this past year, and Russians have some very tough times ahead of them with the economy in severe recession.
Posted on: Tue, 06 Jan 2015 22:40:11 +0000
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