
Tale of two recessions: Europe enters one while Russia defeats another
In Europe, recession now seems imminent. The International Monetary Fund has said Germany and Italy are certainly going into a recession. These are among Europeβs largest economic drivers. Their fall will trigger the slippage of other countries into de-growth as well. At the core of Europeβs economic miseries is an intense energy crisis that countries are finding impossible to surmount. Thatβs because Russia has played a pivotal role in supplying energy to Europe for many years. Now, the European Union has chosen to put an end to that dependence, without figuring out a real way of replacing Russian supplies with … Continue reading Tale of two recessions: Europe enters one while Russia defeats another