> If South America is going to link with Russia, why are they dollarizing?
They're not. 40% of world reserves are in non-dollars.
> Assuming Russia actually does want to remain European, here's my
> question for you: wouldn't Russia do well to join the EMU?
Absolutely not, because their economies aren't synchronized. Nor should Poland or the Baltics, for that matter. Russia should set its own monetary policy for now, grow its industrial base and get rich.
-- DRR