Sunday, September 11, 2011

Investors Brace as Europe Crisis Flares Up Again

http://www.nytimes.com/2011/09/12/business/global/german-dissent-magnifies-uncertainty.html?ref=europe

In Russia, although Dmitri Medvedev is president, there has been uncertainty about whether he or Putin has true power in the country. While Medvedev has given the impression of being more willing to reform, Putin still represents authoritarian power in Russia. Both have shown the intention of running in the 2012 election, but while Putin has been preparing his campaign, Medvedev has been unable to declare his candidacy without Putin's permission. The attendance of important government officials at political events for each of the men has indicated whose side they will take in the upcoming election, and Putin seems to be ahead and clearly working hard at his campaign. However, this does not mean that Medvedev does not still have a chance to win the election, even if by winning, he will be coming back into a post even weaker than his presidency for the past 4 years.

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