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Transcripts For BLOOMBERG Countdown 20141217

I am anna edwards. Also, talking the deficit. George osborne tells charlie rose that the u. K. Is a front runner in the world economy. U. K. , weularly in the have a budget deficit, even though it has come down by half. Our debt to gdp is too high at 80 . We want to be in the front ranks of economic nations. Russias currency is in crisis, and its economy is unraveling. The ruble plunged to its lowest ever against the dollar despite the Central Banks efforts to stem the route with its biggest Interest Rate hike since 1998. There is the dollarruble over the last two days. It touched 80 yesterday, coming. Own to around 71. 75 today still, the russian Prime Minister held an emergency , deciding not to consider currency controls. The economy minister insists the moves are not reflective of the countrys fundamentals. Of course, everything weve been talking about is on the stabilization of the ruble. Ratelieved its exchange does not correspond with the fundamental macroeconomic development. W

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