Russia sanctions threaten to blow euro zone off course


By Annika Breidthardt and John O’Donnell – If endorsed by ambassadors from 28 European Union countries, Europe could limit access to capital markets by Russian state banks, impose an embargo on arms sales and restrict trade of high-tech energy technologies and “dual use” technology that has both civilian and defence applications.

“A spiral of sanctions together with the loss of overall confidence could be enough to bring the already fragile economic recovery in Europe to a halt,” Gregor Eder, an economist with Allianz, said. more> http://tinyurl.com/nx4umn4

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