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Tuesday, July 22, 2014

The Real Balance of Economic Power in Europe Revealed

One Fact that Explains How Europe Could Crush Russia's Economy (Matthew Yglesias) from Vox
"European countries are often said to be hesitant to challenge Vladimir Putin because of their economic ties to Russia. This is true, but those ties are a two-way street — it's because they exist that European
sanctions against Russia sting much harder than similar American measures. Here's the one fact you need to know to understand where the real balance of power lies: Russia's top trading partner is the European Union, but the EU's top trading partner is the United States followed by China."

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