Prime Minister Vladimir Putin on Thursday rejected opposition calls for a rerun of the parliamentary election, accusing those who organized massive protests against vote fraud of working to weaken Russia at the West’s behest.
The chairman of Russia’s ruling party, United Russia, resigned from his post as speaker of the lower house of Parliament on Wednesday, an apparent attempt to quell some of the uproar over perceived fraud in recent parliamentary elections.
The euro slid to an 11-month low against the dollar on Wednesday, as investors speculated that more euro zone countries may be downgraded in the near term given that a quick solution to the region’s debt crisis remains elusive.
Is Russia’s middle class on the march? People are angry, and are speaking out for clean elections and democracy. An elderly demonstrator holds a poster showing an edited photo of an aging Prime Minister Vladimir Putin and signed ‘2050. No’.
Increasingly assailed by charges of electoral fraud, Russia’s governing party, United Russia, held a rally in Moscow on Monday apparently meant as show of strength after a big anti-Kremlin protest over the weekend.
Doubts resurfaced Monday over Europe’s ability to solve its debt crisis and rescue the imperiled euro, as investors worried plans for a new fiscal pact will bring little immediate relief and Britain warned it could face new political hurdles.
Tens of thousands of Russians gathered peacefully in central Moscow on Saturday to shout “Putin is a thief” and “Russia without Putin,” forcing the Kremlin to confront a level of public discontent that has not been seen here since Vladimir V. Putin first became president 12 years ago.
Even as European leaders put together their latest response to the euro crisis last week, a German-American clash over how best to manage a vast financial crisis and put the world economy back on a sound footing was set in stark relief.
Most European leaders agreed on a new “comprehensive” set of measures meant to calm the debt crisis. The pact comprises fiscal rules meant to prevent countries from veering into dangerous waters and some advancements in the rescue apparatus meant to help them if they do.
President Dmitry Medvedev ordered an investigation on Sunday into allegations of fraud in Russia’s parliamentary election, one day after tens of thousands of protesters demanded it be annulled and rerun.