3 ms·

Last time a major war was in Europe, currencies tanked much more. I'm glad the EUR is as stable as it is while Europe is bombed by Russia.

jmnicolas 4y ago
While it has the potential to become one, this is not a major war by any means, it's contained in south-eastern Ukraine.
- KingOfCoders 4y ago
  Sure, no world war. But Russia has lost 45.000 people (roughly the same as US combat deaths in Vietnam) and 2000 tanks. Most European powers are involved with weapon deliveries and target of economic warfare as well as targetting Russia. Several European states are targetted with cyberwarfare attacks.
- HatchedLake721 4y ago
  What's the definition of "major war"? It's the biggest war on the continent since WW2 where two countries with 100,000s of soldiers fight each other with modern weapons.
  - mytailorisrich 4y ago
    People tend to forget Yugoslavia, which was really in the heart of Europe and killed about 150k people. There is a lot of hyperbole about Ukraine, not least because of Russia but so far it is not intrinsically disruptive outside of Ukraine's (and Russia's) borders beyond the disruption to Ukraine's exports (e.g. wheat). The disruption to gas supplies on Europe is mostly self-inflicted and not an intrinsic consequence of the war.
    - s1artibartfast 4y ago
      >The disruption to gas supplies on Europe is mostly self-inflicted and not an intrinsic consequence of the war. If Europe wanted, they could simply go back to business as usual and ignore the war entirely. It's surprising that people forget that the EU initiated the financial war with Russia
      - makomk 4y ago
        The EU's financial sanctions on Russia were pretty obviously structured to make it as difficult and painful for Russia as possible to stop selling gas to Europe. In particular, the seizure of their foreign reserves - which they were not expecting to happen, and which they were likely counting on to be able to use gas supply as leverage like they have before - means that the only way to get hard currency to spend on things is by continuing to sell gas. Also, what people don't realise is that Russia was clearly preparing to use control of Europe's gas supplies as a weapon even back in 2021, reducing supplies and depleting their storage in a way that couldn't be explained at the time.
    - KingOfCoders 4y ago
      I don't think people forget the war in Yogoslavia, I have two friends who fled with their parents to Germany.
mytailorisrich 4y ago
Europe is not bombed by Russia and there is no 'major war' disrupting the continent. There is very localised war in Ukraine, which objective impact so far only concerns what Ukraine exports, mostly wheat at this point.
- tzs 4y ago
  It also has impacted what Russia exports. Some Russian exports are rather important to much of the EU.
  - mytailorisrich 4y ago
    It's quite different. The war does not intrinsically disrupt Russian exports, including gas, to Europe. Europe has made decisions based on various considerations and those decisions have resulted in disruption. I think it's useful to sort consequences we're seeing depending on the level of control or leeway parties have on them.
- lm28469 4y ago
  > mostly wheat at this point Wheat and a few million people who had to leave their country, but yeah, wheat... It obviously is a major crisis in Europe and has many ramifications, if all your neighbours mysteriously die in the same week it won't affect you personally but you surely will feel down or threatened. If it was just about wheat nobody would care, Ukrainian wheat isn't even exported to EU countries
  - mytailorisrich 4y ago
    Two things on this: People left early in the war because of panic and because Russia was trying to invade the while of Ukraine. But if we look at the situation now, arguably there is no reason to have refugees outside of Ukraine. Second thing is that, in any case, the Ukrainian refugees are not disruptive at continent level, though they might be in specific areas near Ukraine. Of course a war, any war, is disruptive and horrible for the people involved. But we're looking at the macro impact on Europe here.

jmnicolas 4y ago

While it has the potential to become one, this is not a major war by any means, it's contained in south-eastern Ukraine.

KingOfCoders 4y ago
Sure, no world war. But Russia has lost 45.000 people (roughly the same as US combat deaths in Vietnam) and 2000 tanks. Most European powers are involved with weapon deliveries and target of economic warfare as well as targetting Russia. Several European states are targetted with cyberwarfare attacks.
HatchedLake721 4y ago
What's the definition of "major war"? It's the biggest war on the continent since WW2 where two countries with 100,000s of soldiers fight each other with modern weapons.
- mytailorisrich 4y ago
  People tend to forget Yugoslavia, which was really in the heart of Europe and killed about 150k people. There is a lot of hyperbole about Ukraine, not least because of Russia but so far it is not intrinsically disruptive outside of Ukraine's (and Russia's) borders beyond the disruption to Ukraine's exports (e.g. wheat). The disruption to gas supplies on Europe is mostly self-inflicted and not an intrinsic consequence of the war.
  - s1artibartfast 4y ago
    >The disruption to gas supplies on Europe is mostly self-inflicted and not an intrinsic consequence of the war. If Europe wanted, they could simply go back to business as usual and ignore the war entirely. It's surprising that people forget that the EU initiated the financial war with Russia
    - makomk 4y ago
      The EU's financial sanctions on Russia were pretty obviously structured to make it as difficult and painful for Russia as possible to stop selling gas to Europe. In particular, the seizure of their foreign reserves - which they were not expecting to happen, and which they were likely counting on to be able to use gas supply as leverage like they have before - means that the only way to get hard currency to spend on things is by continuing to sell gas. Also, what people don't realise is that Russia was clearly preparing to use control of Europe's gas supplies as a weapon even back in 2021, reducing supplies and depleting their storage in a way that couldn't be explained at the time.
  - KingOfCoders 4y ago
    I don't think people forget the war in Yogoslavia, I have two friends who fled with their parents to Germany.

mytailorisrich 4y ago

Europe is not bombed by Russia and there is no 'major war' disrupting the continent. There is very localised war in Ukraine, which objective impact so far only concerns what Ukraine exports, mostly wheat at this point.

tzs 4y ago
It also has impacted what Russia exports. Some Russian exports are rather important to much of the EU.
- mytailorisrich 4y ago
  It's quite different. The war does not intrinsically disrupt Russian exports, including gas, to Europe. Europe has made decisions based on various considerations and those decisions have resulted in disruption. I think it's useful to sort consequences we're seeing depending on the level of control or leeway parties have on them.
lm28469 4y ago
> mostly wheat at this point Wheat and a few million people who had to leave their country, but yeah, wheat... It obviously is a major crisis in Europe and has many ramifications, if all your neighbours mysteriously die in the same week it won't affect you personally but you surely will feel down or threatened. If it was just about wheat nobody would care, Ukrainian wheat isn't even exported to EU countries
- mytailorisrich 4y ago
  Two things on this: People left early in the war because of panic and because Russia was trying to invade the while of Ukraine. But if we look at the situation now, arguably there is no reason to have refugees outside of Ukraine. Second thing is that, in any case, the Ukrainian refugees are not disruptive at continent level, though they might be in specific areas near Ukraine. Of course a war, any war, is disruptive and horrible for the people involved. But we're looking at the macro impact on Europe here.