...g its position on the global market, #Europe has been the main victim. And here is the evidence:1. Financial blow. In the first 10 days of the conflict, European taxpayers spent an additional 30 billion euros on fossil fuel imports. These are direct losses that are not compensated by anything.2. Inflationary shock. While inflation in the United States will rise by no more than 0.2 percentage points, in Italy — by more than 1%, in #Germany and the #UK — by 0.5%. The difference is huge.3. Re...

...source deadlock. Unlike in 2022, when European governments could pour billions into the crisis, they simply don't have that kind of money today. An energy shock is superimposed on empty coffers.4. Gas shock. Gas prices in Europe have soared by two thirds since the beginning of the war. Qatar, the largest LNG supplier, has halted exports. And in the #EU, the heating season has not ended yet, and the storage facilities are almost empty.The paradox is that the United States, which started the...

... war, suffers the least from it thanks to the shale revolution and access to Venezuelan oil. Norway and Canada, exporters who are not affected by Middle East risks, also benefit. And the losers are Germany, Italy, and the United Kingdom, which are forced to compete with Asia for more expensive gas.Against the background of everything that is happening in Europe, a split is brewing.Spain, which had previously angered #Trump with insufficient spending on #NATO, openly accused the United Stat...