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As everyone by now knows I have been a week in Moscow.
It was an extraordinary, wonderful visit packed with productive work and meetings with good friends. There is so much to say and I will try to say it when I can. But first a quick general impression about the economic and security situation unrelated to specific political news or to the Nemtsov murder (of which more soon).
Briefly, there is no doubt the inflation is hurting. I saw more beggars – overwhelmingly old and poor people – precisely the sort of people on low fixed incomes who get hurt most when inflation takes off. Their numbers are still far below those in London and compared to Athens there is simply no comparison.