AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: Owen Matthews
Russia's new president, Dmitry Medvedev, inherited a rising power with an Achilles' heel: galloping inflation, which threatens to undercut seven years of healthy economic growth, buoyed by ever-rising energy and commodity prices. In the first quarter of 2008, consumer prices rose 5.3 percent (compared with 3 percent in the same quarter last year), and inflation has toppled alcoholism as Russians' No. 1 worry, according to a March poll by the All-Russia Center for the Study of Public Opinion. Earlier this month, protests erupted in Moscow against high food prices and low state wages.
Vladimir Putin, who went from the presidency to the prime minister's office last week, presides over a cabinet divided as to how to handle the crisis. The veteran Finance ...