{"id":10950,"date":"2014-12-24T11:50:45","date_gmt":"2014-12-24T11:50:45","guid":{"rendered":"https:\/\/stage.kse.ua\/news\/2014-12-24-ruble-hits-new-low-putin-cant-keep-his-promise-to-russian-people-paul-gregory-for-forbes-2\/"},"modified":"2014-12-24T11:50:45","modified_gmt":"2014-12-24T11:50:45","slug":"2014-12-24-ruble-hits-new-low-putin-cant-keep-his-promise-to-russian-people-paul-gregory-for-forbes-2","status":"publish","type":"news","link":"https:\/\/kse.ua\/en\/news\/2014-12-24-ruble-hits-new-low-putin-cant-keep-his-promise-to-russian-people-paul-gregory-for-forbes-2\/","title":{"rendered":"\u201cRuble Hits New Low-Putin Can&#8217;t Keep His Promise To Russian People\u201d, &#8211; Paul Gregory for Forbes"},"content":{"rendered":"<p><!--------------------------------------- Old id: 626 ------------------------------------- --><\/p>\n<div><b><a href=\"http:\/\/www.forbes.com\/sites\/paulroderickgregory\/2014\/11\/26\/berlin-and-washington-the-political-battles-that-could-decide-ukraines-fate\/\">Paul Gregory<\/a><\/b>, Member of KSE International Academic Board, Professor, University of Houston, USA tries to outline Putin\u2019s <a href=\"http:\/\/www.themoscowtimes.com\/opinion\/article\/taking-a-new-look-at-putins-social-contract\/375309.html\">social compact<\/a> with the Russian people in his new article for Forbes.<\/div>\n<div><\/div>\n<div>Russia\u2019s central bank waited until the early morning hours to raise its interest rate from 10.5% to a whopping 17.5% to encourage citizens to hold rubles and foreigners to buy rubles. Rather than building confidence, markets interpreted the move as panic. By late afternoon, it took an unprecedented 80 rubles to buy one dollar. Despite its vaunted reserves, the mighty Russia gives the appearance of a Latin American banana republic, dependent on one product, with a collapsing economy and declining living standards that can no longer support Vladimir Putin\u2019s expensive foreign adventures or keep alive his social compact with the Russian people.<\/div>\n<div>Putin has not held up his end of the bargain he made with the Russian people. Let\u2019s see what their reaction will be. We must assume they can put two and two together.<\/div>\n<div><\/div>\n<div>Read the whole version of \u00a0the article <a href=\"http:\/\/www.forbes.com\/sites\/paulroderickgregory\/2014\/12\/16\/ruble-hits-new-lows-putin-cant-keep-his-promise-to-russian-people\/\">here<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Paul Gregory, Member of KSE International Academic Board, Professor, University of Houston, USA tries to outline Putin\u2019s social compact with the Russian people in his new article for Forbes. Russia\u2019s central bank waited until the early morning hours to raise its interest rate from 10.5% to a whopping 17.5% to encourage citizens to hold rubles\u2026<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[],"tags":[],"department":[],"news_type":[15],"project":[],"region":[],"unit":[38],"class_list":["post-10950","news","type-news","status-publish","hentry","news_type-news","unit-kse"],"acf":{"primary_unit":null,"news_intro":"","header_cta_mode":"event","header_event_cta_text":"\u0414\u043e \u043f\u043e\u0434\u0456\u0457","header_event_cta_url":"","header_research_cta_text":"\u0427\u0438\u0442\u0430\u0442\u0438 \u0432\u0441\u0435 \u0434\u043e\u0441\u043b\u0456\u0434\u0436\u0435\u043d\u043d\u044f","header_research_pdf":null,"author_person":"","author_name":"","related_news":null,"related_events":[],"related_people":[],"related_links":null,"external_link":"","external_link_label":"","is_featured":false,"is_featured_archive":false,"quote_text":"","quote_author":"","quote_author_role":"","program_title":"\u0424\u043e\u0440\u043c\u0430\u0442 \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u0438","program_items":null,"reference_title":"\u0414\u043e\u0432\u0456\u0434\u043a\u0430","reference_content":"","source_system":"migration","source_id":"14281","content_owner":"kse","last_reviewed":null,"visibility":"public","platform_id":"","platform_version":"","platform_managed":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u201cRuble Hits New Low-Putin Can&#039;t Keep His Promise To Russian People\u201d, - Paul Gregory for Forbes - KSE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kse.ua\/en\/news\/2014-12-24-ruble-hits-new-low-putin-cant-keep-his-promise-to-russian-people-paul-gregory-for-forbes-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cRuble Hits New Low-Putin Can&#039;t Keep His Promise To Russian People\u201d, - Paul Gregory for Forbes\" \/>\n<meta property=\"og:description\" content=\"Paul Gregory, Member of KSE International Academic Board, Professor, University of Houston, USA tries to outline Putin\u2019s social compact with the Russian people in his new article for Forbes. 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