And the Poles kept their zlotys... Soon we will see more street rioting, bank window smashing, etc from the Greeks who want the lucrative pensions to continue.
One thing that the Russians do right, in my opinion, is to grow much of their own food. The ability to do that is going to become very important in the future I think.
Old joke from the Cold War days....
The Poles have the highest form of Communism....a three class society...
Those with dollars
Those with Zloty
and the remainder with neither.
The pensions are a big part of the problem. It is going to be interesting to see what happens when so many bureaucrats see the buying power of those pensions decline enormously over the course of a few years...months?