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The IMF's Lagarde faces trial in France. Plus, we talk to Russian economist Oleg Kouzmin, a former adviser to the central bank, about Vladimir Putin's end of year speech on the state of the nation's economy. Has Russia's economic crisis passed? t's being taken by some as a sign that the United States has at last emerged from the long shadow of the financial crisis, and its Great Recession. And our US commentator, Irwin Stelzer of the Hudson Institute in Washington, gives us his opinion on what the Federal Reserve interest rate rise means for America and the world. Picture Credit: STEFAN ROUSSEAU/AFP/Getty Images.