BELGRADE, SERBIA, December 01, 2022 - Arnaud Develay, international lawyer and expert of the Center for Geopolitical Studies Geostrategy.rs, analysed the current economic situation in Europe, emphasizing the following risks:
- high inflation rates (in the UK inflation has exceeded 11%, in Italy the prices have reached a four-decade high);
- unsustainable financial situation for small and medium businesses (183 530 companies closed in France alone);
- energy crisis and increasing bills.
The starting recession is taking place due to the economic difficulties caused by the Covid-19 pandemic, the Green New Deal agenda, destruction of the NorthStream pipeline and anti-Russian sanctions and active financial and military aid to Ukraine, which have created a tremendous pressure on the EU economy.
In the article published at Geostrategy.rs Arnaud Develay elaborates on the reasons causing and unprecedented crisis leading to a possible "end of abundance" as the French President Emmanuel Macron named it, demonstrating the devastating effects of the anti-Russian sanction resulting in deteriorating quality of life in the EU and UK.
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https://geostrategy.rs/
Contact Information
Dragana Trifkovic
Center for Geopolitical Studies
Belgrade
Serbia
Voice: +905059283729
