Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
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Thursday, September 4, 2014
If The Wales NATO Summit Is Business-As-Usual, Putin Will Threaten NATO Itself
Germany may one day have to run to the Kremlin to get permission for major policies. As Germany goes, so goes Europe. This dark prospect may seem laughable to many, but we would have laughed a year ago at the prospect of the invasion and annexation of Crimea. Just a month ago we would have scoffed at a Russian invasion of Ukraine, myself included. We live and learn, I hope.
A word of advice to Ukraine. Do not panic. This is a roller-coaster ride. You are going downhill right now, but there will be an uphill phase later. One thing is sure. Putin will accept nothing other than complete capitulation and he will not stop with that.