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Old 3rd Jul 2022, 08:03
  #6800 (permalink)  
sheikhthecamel
 
Join Date: Feb 2019
Location: (ex)Sandpit currently more temperate
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Originally Posted by Obba
In his statements, I can see some truths in his assessment.
Ukraine Has Lost the War: But Thermonuclear War Still Threatens - YouTube
Regardless of the outcomes of the war (FWIW I agree with him, but for different reasons) his statement that Europe is the biggest loser is undisputable:

On a purely practical level, the economic cost is ruinous: increased energy costs, cost of accelerated pivot to alternative energy, opportunity cost of the pivot (eg - automotive industry), increase of defense expenditure, cost burden of refugees, integration of Ukraine in EU and funding its re-building, etc...

We're talking a decade(s) of increased expenditure. With the average European squeezed as it is, I wonder where all that extra money - that wasn't needed 12months ago - is going to come from?
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