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15 Mar 2014
Flash: Risk in the form of the referendum in Crimea - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the weekend poses risk in the form of the referendum in Crimea.
Key Quotes:
"The weekend poses risk in the form of the referendum in Crimea, where the choice is between leaving the Ukraine and joining Russia. The Crimean parliament has already approved independence."
"Of course, much of Europe, the US and Japan have warned that they do not recognize the referendum. China may be quiet on the issue, and strategically, why not? From the point of its own domestic interest, China could not accept the legitimacy of a referendum by one of its minority populations (e.g. Tibet or Taiwan) from seeking independence."
Key Quotes:
"The weekend poses risk in the form of the referendum in Crimea, where the choice is between leaving the Ukraine and joining Russia. The Crimean parliament has already approved independence."
"Of course, much of Europe, the US and Japan have warned that they do not recognize the referendum. China may be quiet on the issue, and strategically, why not? From the point of its own domestic interest, China could not accept the legitimacy of a referendum by one of its minority populations (e.g. Tibet or Taiwan) from seeking independence."