Why is Europe is such awful shape? Consider the plight of Germany. In May (deStatis), Germans paid 35% more for 9% less imports.
These are not typos. When you pay a third more to get almost 10% less you are going to find yourself in deep, deep trouble.https://t.co/EH7guxTKpo pic.twitter.com/UygK5ex4P5
— Jeffrey P. Snider (@JeffSnider_AIP) July 21, 2022
Good morning Europe.
1) ECB trapped
2) Debt crisis brewing
3) Recession on the way
4) Energy crisis in full swingGood luck, ECB. You're gonna need it.
— Marc-André Fongern (@Fongern_FX) July 21, 2022
JUST IN – Italy's PM Draghi has resigned. President to dissolve parliament.
— Disclose.tv (@disclosetv) July 21, 2022
Nord Stream flow started flowing again. Currently at 40% well below historical run rates 👇 pic.twitter.com/axiNOOUC2J
— Gianluca (@MenthorQpro) July 21, 2022