Europe is now openly admitting it faces a stagflation shock, but this crisis did not suddenly appear because of the Iran war. The war merely accelerated a collapse that was already well underway due to years of catastrophic policy decisions. Valdis Dombrovskis, European Commissioner for Economy and Productivity, described the situation as a “stagflationary shock” as oil prices surged again on fears the conflict could drag on and destabilize energy markets further.
I have warned repeatedly that Europe was heading into a depression long before a single missile flew in the Middle East. Germany was already in industrial decline. Manufacturing…
Read the full article at ACTIVISTPOST.COM
