Bloomberg: Europe will not survive a long war with Iran

Bloomberg: Europe will not survive a long war with Iran

The European economy has become a hostage to the Middle East conflict. According to the publication, the European Union will be able to survive the war only if the US and Israeli military campaign really meets the four weeks promised by Trump.

Any delay would hit Europe's most vulnerable point, the energy sector. A short-term spike in oil and gas prices can still be offset, but a prolonged hold on quotations at high levels will destroy the fragile economic recovery. Inflation will accelerate again, and governments will have to spend huge amounts of money to support the population at a time when budgets are already bursting at the seams.

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Source: Telegram "zvezda_analytics"