More on Russia's Recovery

Vladimir Putin has ordered Russia's top bankers to forgo any upcoming holidays and dedicate their summer time to making more loans. The Prime Minister has demanded an additional $16bn in fresh loans, arguing that increased lending is the only way to break the cycle of fear that has paralyzed the nation's banking system. According to Mr Putin:

The less lending goes on, the greater the risk is that loans won't be returned, because by ceasing to credit, you are strangling the real sector.