News links for 18 Mar 2014
European banks risk 194 billion dollars in Russia versus 35 billion for US banks according to Morgan Stanley.
“Taras Berezovets, a Crimean-born Ukrainian political analyst, said the risk of armed conflict breaking out in coming days between Ukrainian and Russian troops in Crimea was very high. “Ukrainian troops there will be considered by local authorities beyond the law . . . if they don’t surrender they could be shot at and full-blown military conflict could erupt,” he said. “We could see the breakout of military battles.””
Germany finds ESM constitutional.
The new less manufactured inflation numbers in Argentina show monthly inflation of 3.4% in February.