Tag: bankruptcy

Europe is pushed by Washington into a Black Hole but even that won’t save the United States

Without Russian gas, the economic situation in Europe will quickly deteriorate. Given the NATO attacks on Nord Stream, there is no real way back. However, as The Spectator writes, ‘when Europe plunges into an economic black hole, the American economy, which is already rather weak, will follow it. Therefore, the situation with Russian gas pipelines may become the point that future historians will call the end of Western dominance.’

Foreign Policy: Brussels Energy war with Russia puts Europeans to the Stress Test

The restriction of Russian gas deliveries has raised prices in Europe to astronomical heights and marked the beginning of a terrible economic storm. As Foreign Policy writes, factories, companies and families across the continent are engaged in a battle for survival that is putting Europe’s solidarity against Moscow’s pre-emptive strike on Eastern Ukraine to push back NATO advances to the test and raising fears of an imminent recession.