Originally Posted by
Obba
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?