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And Russian sanctions will eventually impair the EU economy. The question is which side will give in earlier. The EU has a disadvantage there in that it regula
by Someone 4y ago
And Russian sanctions will eventually impair the EU economy.
The question is which side will give in earlier. The EU has a disadvantage there in that it regularly holds elections, and when they happen the ballooning energy prices may cause large swings. It will be interesting to see what happens a month from now in Italy, for example (https://en.wikipedia.org/wiki/2022_Italian_general_election https://en.wikipedia.org/wiki/2022_Italian_general_election)
I’m not sure what will happen.
- blub 4y agoI've read about the Irish and French governments recently claiming that 5-10 years of economic "difficulties" can be expected and that the era of prosperity is likely over. I guess we'll know more come this and next winter. But there's also Ukraine's economy: they are currently wholly dependent on the IMF and Western backers in order to keep the lights on. In the war they are completely dependent on Western weapons deliveries. Ukraine has essentially ceased to exist as an independent country except on paper.