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> The need to appease the public immediately seems to have done just as much pain to EU as Russia. This is not entirely correct - the sanctions hurt EU incompa
by jesterson 4y ago
> The need to appease the public immediately seems to have done just as much pain to EU as Russia.
This is not entirely correct - the sanctions hurt EU incomparably more than it hurt Russia. Russia still sells it's natural gas and oil without any issues. Business got it's skyrocketing profits, populace in EU got their excuse why they should pay more and suffer in winter, corrupted EU politicians got a scapegoat for their corrupted and irresponsible monetary policies.
Nothing to see here, happened many times over course of history.
- bradwood 4y ago> EU politicians got a scapegoat for their corrupted and irresponsible monetary policies. EU politicians do not set monetary policy. Central bankers do.
- jesterson 4y agoYou are suggesting politicians do not indirectly affect monetary policies? You are right - monetary policies are set by ECB but that's beyond the point of my comment